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Question 2 There are two individuals, George and John, living on an island. Each individual has the opportunity to produce either coconuts or fish. In
Question 2 There are two individuals, George and John, living on an island. Each individual has the opportunity to produce either coconuts or fish. In one day, George can produce either 14 coconuts or 8 fish, or any linear combination of the two. In one day, John can produce either 9 coconuts or 6 fish, or any linear combination of the two. 2.1) Type in your group's answers below the questions: What is the marginal cost for George to produce one more fish? What is the total cost for George to produce 8 fish? What is the marginal cost for John to produce one more fish
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