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Assume George and Abe are stranded on an island and can only produce two goods: fish and coconuts. George can catch 20 fish or collect
Assume George and Abe are stranded on an island and can only produce two goods: fish and coconuts. George can catch 20 fish or collect 5 coconuts in one day and Abe can catch 15 fish or collect 3 coconuts in one day. What is Abe's opportunity cost of catching 1 fish? a. 1/3 of a coccnut b. 3 coconuts c. 5 coconuts d. 1/5 of a coconut
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