Now suppose a trading ship visits the island each day and offers to buy or sell food

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Now suppose a trading ship visits the island each day and offers to buy or sell food and clothing at the prices PF = 4, PC = 1. How, if at all, will the presence of this ship alter the production and consumption decisions of Crusoe and Friday?

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:25 AM

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Now suppose a trading ship visits the island each day and offers to buy or sell food

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Microeconomics and Behavior

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