Suppose that Robinson can produce 10 fish for every hour he devotes to fishing and 20 coconuts for every hour he devotes to gathering coconuts. Friday, on the other hand, produces 20 fish for every hour he devotes to fishing and 10 coconuts for every hour he devotes to gathering coconuts. Suppose that Robinson and Friday both want 60 pounds of fish and 60 pounds of coconuts per day. a. If they do not help each other, Robinson will have to work ____ hours while Friday will have to work ____ hours. b. Suppose they decide to work together in the most efficient way possible, then Robinson will work ____ hours while Friday will work ______ hours.
Suppose that Robinson can produce 10 fish for every hour he devotes to fishing and 20 coconuts for every hour he devotes to gathering coconuts. Friday, on the other hand, produces 20 fish for every hour he devotes to fishing and 10 coconuts for every hour he devotes to gathering coconuts. Suppose that Robinson and Friday both want 60 pounds of fish and 60 pounds of coconuts per day. a. If they do not help each other, Robinson will have to work ____ hours while Friday will have to work ____ hours. b. Suppose they decide to work together in the most efficient way possible, then Robinson will work ____ hours while Friday will work ______ hours.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose that Robinson can produce 10 fish for every hour he devotes to fishing and 20 coconuts for every hour he devotes to gathering coconuts. Friday, on the other hand, produces 20 fish for every hour he devotes to fishing and 10 coconuts for every hour he devotes to gathering coconuts. Suppose that Robinson and Friday both want 60 pounds of fish and 60 pounds of coconuts per day.
a. If they do not help each other, Robinson will have to work ____ hours while Friday will have to work ____ hours.
b. Suppose they decide to work together in the most efficient way possible, then Robinson will work ____ hours while Friday will work ______ hours.
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