Robinson and Friday are trapped on an island together and can produce Fish (F) or Coconuts (C) with the time they have on any given day. Let LF and LC denote labor hours dedicated to fishing or gathering coconuts, respectively.
Robinson's technological relationships for producing coconuts is given by:
CRobinson=14LC
Friday's technological relationship for producing coconuts is given by:
CFriday=12LC
Which of the following is/are true? (check all that apply)
Group of answer choices
2H+L=16
H=32-8L
none of the other choices are correct
H=16-2L
Group of answer choices
if they spent the same number of hours landscaping, Bob would be able to landscape more property than Alice
if they spent the same number of hours cutting hair, Alice would be able to produce more than Bob
Alice has a lower opportunity cost of producing haircuts
Bob has a lower opportunity cost in producing landscaping services