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Robin and Terry are stranded on a deserted island and consume two products, coconuts and fish. In a

Robin and Terry are stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fish or gather 8 coconuts, and Terry can catch 1 fist or gather 1 coconut.1. Suppose that each person is initially self-sufficient. In a six day week, Robin produces and consumes 32 coconuts and 4 fish, and Terry produces and consumes 4 coconuts and 2 fish.Now suppose Robin and Terry engage in specialization and exchange, trading 3 coconuts for 1 fish.If robin and Terry consume the same number of fish as in the self-sufficient outcome, then specialization and exchange allow Robin to consume _____ additional coconuts and Terry to consume ______ additional coconuts.**Would appreciate if whoever answers this can show me the process to getting the answer**

 

Apr 25 2020 View more View Less

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