1. During a tragic event, Charlie Sheen and his former boss Chuck Lorre were los

Question

1.  During a tragic event, Charlie Sheen and his former boss Chuck Lorre were lost at sea. Fortunately, the pair washed up on the shore of a deserted island.  The two start to work to build a better life on the island.  Sheen can gather 10 coconuts or catch 1 fish per hour.  Lorre can gather 30 coconuts or catch 2 fish per hour.  What is Sheen

During a tragic event, Charlie Sheen and his former boss Chuck Lorre were lost at sea. Fortunately, the pair washed up on the shore of a deserted island. The two start to work to build a better life on the island. Sheen can gather 10 coconuts or catch 1 fish per hour. Lorre can gather 30 coconuts or catch 2 fish per hour. What is Sheen's opportunity cost of catching one fish? One coconut? What is Lorre's? Who has an absolute advantage in catching fish? Who has the comparative advantage in catching fish? Sheen's opportunity cost of catching 1 fish: Sheen's opportunity cost of gathering 1 coconut: Lorre's opportunity cost of catching 1 fish: Lorre's opportunity cost of gathering 1 coconut: Who has an absolute advantage in catching fish? Who has the comparative advantage in catching fish?

Explanation / Answer

Sheen

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