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Suppose you and a friend are stranded on an island and must gather firewood and catch sh to survive. Through experience, you know that if
Suppose you and a friend are stranded on an island and must gather firewood and catch sh to survive. Through experience, you know that if each of you spends an entire day on either activity, the result is given in the following table: Fish Firewood You 6 4 bundles Your Friend 7 1 bundle You and your friend decide that you should each specialize so that one person catches sh while the other gathers rewood. But who should do which task? a. What is the opportunity cost for you to gather an additional bundle of rewood? The opportunity cost for you to gather an additional bundle of rewood is sh. (Round your answer to two decimal places.)
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