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Problem 1 1. Assume that Robinson Crusoe, who lives alone on an island, cares only about coconuts (C) and fish (F). Suppose also that he

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Problem 1 1. Assume that Robinson Crusoe, who lives alone on an island, cares only about coconuts (C) and fish (F). Suppose also that he has the following preferences for bundles of coconuts and fish (C, F): . he prefers (7,3) to (4,10), . (0,11) over (8,4) and . (15,1) over (10,5). If Robinson's preferences are rational (satisfy the assumptions of completeness, transitivity and non-satiation), how would Robinson rank the following pairs of bundles? (a) (0,12) and (3,10) (b) (8,4) and (4,11)

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