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Business, 13.06.2020 18:57 drew1146

Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic activity consists of either gathering pineapples or fishing. We know Steve can catch four fish in one hour or harvest two baskets of pineapples. In the same time Craig can reel in two fish or harvest two baskets of pineapples. Does Steve or Craig have an absolute advantage in producing fish? Which of the two persons, Steve or Craig, has a comparative advantage in producing pineapples? If both persons only caught fish, how many fish total could they collect in eight hours? If both persons only collected pineapples, how many baskets total could they collect in eight hours? What is the most nu

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Steve and Craig have been shipwrecked on a deserted island in the South Pacific. Their economic acti...
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