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or subsistence, what does production look like? First, what is 100% of time is spent fishing? Second, what if 100% of time is spent chopping coconuts?...
If a person can either fish or chop coconuts for subsistence, what does production look like? First, what is 100% of time is spent fishing? Second, what if 100% of time is spent chopping coconuts? Third, what if time is spent between the two activities? How many fish does Robinson Crusoe have to give up to get another coconut?