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1. You are on a desert island and can produce up to 20 coconuts a day if you do nothing but harvest coconuts. Alternatively, you

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1. You are on a desert island and can produce up to 20 coconuts a day if you do nothing but harvest coconuts. Alternatively, you can catch 10 fish if you do nothing but harvest fish. What is your opportunity cost of catching a fish? Your friend, Gus, can produce up to 4 coconuts or catch up to 8 fish in a day. What is his opportunity cost of catching a fish? Assume you and Gus want to consume both coconuts and fish. Would it make sense to specialize and trade with each other

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