Robinson Crusoe spends 4 hours a day catching fish and picking coconuts.He can always catch 2 fish per hour and he can always gather 3 coconuts per hour.His utility function is CF, where C is the number of coconuts he eats per day and F is the number of fish he eats per day.How many fish will he choose to eat per day?
A) 8
B) 6
C) 4
D) 2
E) 1
Correct Answer:
Verified
Q10: Tip can write 2 pages of term
Q11: Ernie and Burt both make pizzas for
Q12: If there are constant returns to scale
Q13: Last year a pestilential fungus ravaged the
Q14: Al and Bill are the only workers
Q16: When there is production, a competitive equilibrium
Q17: Al and Bill are the only workers
Q18: A small company produces two goods, swords
Q19: Tip can write 2 pages of term
Q20: The marginal rate of transformation between two
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents