faith365
faith365
19.03.2021 • 
Business

Robinson Crusoe lives alone on a desert island. His food is the fish he kills by throwing rocks at them. It is an awkward method, and he has to spend every daylight hour at it if he is to meet his minimum nutritional requirements. He knows he could catch fish more quickly if he had a pole, a line, and a hook. What is the opportunity cost to him of making that equipment, and should he do it

Solved
Show answers

Ask an AI advisor a question