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Robinson Crusoe saw a native in a canoe who told him about the economy on his nearby island. The native said it takes 2 hours to catch a fish and 1 hour to find a coconut. The native offered to trade fish for coconuts or vice versa at an exchange rate of 2 coconuts per fish, but Crusoe would have to give him 1 fish as payment for rowing to the island. Later, Crusoe saw another native who said it takes 4 hours to catch a fish and 1 hour to find a coconut on his island. This native offered to trade at the sam

Author

trilocksp Singh

Language

EN