If Crusoe increases the fish caught from 7 to 9 pounds and decreases the fruit picked from

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If Crusoe increases the fish caught from 7 to 9 pounds and decreases the fruit picked from 19 to 13 pounds, what is his opportunity cost of a pound of fish? Explain your answer.
Opportunity Cost
Opportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

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