Discussion of Opportunity cost If Robinson Crusoe can, either shoot five wild geese or catch fifteen fish, on average, for each hour of labour effort ie the opportunity cost of shooting one wild goose...


Discussion of Opportunity cost


If Robinson Crusoe can, either shoot five wild geese or

catch fifteen fish, on average, for each hour of labour effort ie the

opportunity cost of shooting one wild goose is three fish


Since he lives by himself, the frontier limits his consumption

of fish and geese Apart from trade with natives, can you think of one factor

that can change the opportunity cost? Please explain



May 16, 2022
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