Question
Please can you help me with this practice question from my lecture. I have completed the question already and just need some compare it with
Please can you help me with this practice question from my lecture. I have completed the question already and just need some compare it with someone. Thank you for any help!
[Word limit 400] Suppose Robinson Crusoe produces Coconut (C) and Fish (F) using only labour and the production functions are: = 10 and = and represent labour devoted to the production of coconut and fish, respectively, and >0 is a constant.
Suppose labour supply is fixed at L = 400, and the utility function of Crusoe is = . I. Suppose = 1. Derive Crusoe's production possibility frontier for coconut and fish production. [4 Marks]
P.S I will ask more related questions if you want to carry on
Please give a good answer with detail and I will leave a fantastic review
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