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Business, 01.03.2021 20:40 dixonmckenzie4636

Fishing versus Boat Building. Half the members of a fishing tribe catch 2 fish per day and half catch 8 fish per day. A group of 10 members could build a boat for another tribe in 1 day and receive a payment of 45 fish for the boat. a. Suppose the boat builders are drawn at random from the tribe. From the​ tribe's perspective, what is the expected cost of building the​ boat? nothing fish. ​(Enter your response as an​ integer.) b. Now supposing that members are selected based on opportunity​ cost, the minimum cost that the boat could be built for is nothing fish. ​(Enter your response as an​ integer.)

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