Robinson Crusoe divides his time between catching fish and
gathering fruit. Part of his production possibilities frontier is
given in the above table. Mr. Crusoe, while lonesome, is efficient
and always stays on his PPF. Mr. Crusoe is consuming 20 pounds of
fish. Then he decides to slowly become a vegetarian and decrease
his consumption of fish to 9 pounds. This decision means that Mr.
Crusoe will:
A. incur an opportunity cost of 9 pounds of fish.
B. be able to enjoy a gain of 9 pounds of fruit.
C. incur an opportunity cost of 20 pounds of fish.
D. incur an opportunity cost of 9 pounds of fruit.
E. incur an opportunity cost of 99 pounds of fruit.
Robinson Crusoe Divides His Time Between Catching Fish And Gathering Fruit Part Of His Production Possibilities Frontie 1 (78.53 KiB) Viewed 94 times
Fish Possibility (pounds) A 37 B 31 20 D 9 Fruit (pounds) 56 78 90 99 Robinson Crusoe divides his time between catching fish and gathering fruit. Part of his production possibilities frontier is given in the above table. Mr. Crusoe lonesome, is efficient and always stays on his PPF. Mr. Crusoe is consuming 20 pounds of fish. Then he decides to slowly become a vegetarian and decrea- consumption of fish to 9 pounds. This decision means that Mr. Crusoe will O A. incur an opportunity cost of 9 pounds of fish. O B. be able to enjoy a gain of 9 pounds of fruit. OC. incur an opportunity cost of 20 pounds of fish. OD. incur an opportunity cost of 9 pounds of fruit O E. incur an opportunity cost of 99 pounds of fruit
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