If Crusoe currently catches 7 pounds of fish and picks 13 pounds of fruit a day, calculate his opportunity cost of a pound of fruit and of a pound of fish Explain your answer ...

His opportunity cost of a pound of fruit and a pound of fish are bo ...

If Crusoe currently catches 7 pounds of fish and picks 13 pounds of fruit a day, calculate

Question:

If Crusoe currently catches 7 pounds of fish and picks 13 pounds of fruit a day, calculate his of a pound of fruit and of a pound of fish. Explain your answer.
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...