Inventory ~ PPF V Level 4: Gains from Trade with Absolute Advantage Having determined that you should specialize in fishing, find a trade that will make you and Friday better off. Recall that Friday produces 350 calories of fish per hour or 3.5 logs of firewood per hour and to survive, he needs Wood : 0 logs 7 logs and 3500 calories of fish. While you produce 500 Fish : 0 cals calories or 4 logs per hour and to survive you must collect 32 logs and 2000 calories of fish. Collect Wood: 6 hour Collect Fish: 6 hour Day 1. Daytime Schedule 0 hour 12 hour . Collect Wood . Collect Fish .IdleInventory ^ PPF 8000 5000 7000 4000 6000 5000 3000 Fish (cals) 4000 Fish (cals) O 2000 3000 2000 1000 1000 0 0 0 10 20 30 40 50 60 70 80 90 100 110 1... 0 10 20 30 40 50 60 70 80 90 100 110 1... Firewood (logs) Firewood (logs) Your PPF O- Friday's PPF Terms of Trade Consumption What are the rules of trading? Collect Wood: 40.9 logs 1 Wood (logs) for: 137 fish (cals) 0 42 Collect Fish: 685 cals 0 200 Trade 3000 How much do we trade? Give fish (cals): 3000 Start 3000