Production Population: Assume for now that each family/tribe has 4 adult, able-bodied people in it. Time Allocation to Production: Each family on the island agrees to spend 40 hours a week in food production, L. Input Allocation: The families agree they'll split their time 50:50 on both production activities: hunting (H) and gathering (G). Output: At the end of the week we find that Family A produced 20 H and 10 G. Family B produced 5 H* and 10 G*. 3. Can an individual smooth consumption? Explain. 4. Can everyone in aggregate smooth consumption? Explain. Production Population: Assume for now that each family/tribe has 4 adult, able-bodied people in it. Time Allocation to Production: Each family on the island agrees to spend 40 hours a week in food production, L. Input Allocation: The families agree they'll split their time 50:50 on both production activities: hunting (H) and gathering (G). Output: At the end of the week we find that Family A produced 20 H and 10 G. Family B produced 5 H* and 10 G*. 3. Can an individual smooth consumption? Explain. 4. Can everyone in aggregate smooth consumption? Explain