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(a) Robinson Crusoe (RC) can devote his time to fishing (F), collecting coconuts (C) or leisure (H). RC takes 15 hours a day leisure, and

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(a) Robinson Crusoe (RC) can devote his time to fishing (F), collecting coconuts (C) or leisure (H). RC takes 15 hours a day leisure, and has production functions, F = VLF and C = VLC, where LF and Lc are the number of hours fishing and collecting coconuts respectively. His utility function is U = F0.25 C0.25 HO.5

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