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question is Joe and Sally live on a deserted island. There are only two relevant activities on the island: making ice cream and chopping wood
question is
Joe and Sally live on a deserted island. There are only two relevant activities
on the island: making ice cream and chopping wood to make fires. Joe is macho
and better than Sally at chopping wood, while Sally is better than Joe at making
ice cream. Sally and Joe are perfect substitutes in both the production of ice
cream and wood chopping. How should Joe and Sally spend their time? Be
careful to take into account how much Joe and Sally like ice cream relative to
fire
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