Suppose that one day, Gilligan (the castaway) eats a magical island plant that turns him into an expert at everything. In particular, it now takes him just half an hour to pick a quart of berries, and...



Suppose that one day, Gilligan (the castaway) eats a


magical island plant that turns him into an expert at


everything. In particular, it now takes him just half


an hour to pick a quart of berries, and 15 minutes to


catch a fish.


a. Redo Table 2 in the chapter.


b. Who—Gilligan or Maryanne—has a comparative


advantage in picking berries? In fishing?


c. Suppose that Gilligan reallocates his time to



produce two more units of his comparative


advantage good, and Maryanne does the same.


Construct a new version of Table 3 in the chapter


showing how production changes for each castaway, and for the island as a whole.



May 26, 2022
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