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Homework answers / question archive / Question 1 10 / 10 pts John and Paul are stranded on a deserted island where they survive by catching fish and picking coconuts

Question 1 10 / 10 pts John and Paul are stranded on a deserted island where they survive by catching fish and picking coconuts

Economics

Question 1

10 / 10 pts

John and Paul are stranded on a deserted island where they survive by catching fish and picking coconuts.  In one day John can catch 8 fish OR pick 12 coconuts or he can divide his time between the two in any way with no loss of efficiency.  So for instance, if he spends half of the day catching fish and half picking coconuts, he can catch 4 fish AND 6 coconuts.  Similarly, Paul can catch 6 fish or pick 3 coconuts in a day (and also divide time in any way between the two).

 has a comparative advantage in catching fish.

If they want to get a total of 8 fish between the two of them, the maximum number of coconuts they can get is 

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