Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 2 - The Key Principles of Economics - Exercises - 2.3 The Principle of voluntary Exchange - Page 45: 3.6b

Answer

choose builders from the group who catches less fish

Work Step by Step

The opportunity cost of building the boat can be reduced by chosing more builders from the group of fishermen who catch less fish. The opportunity cost of building the boat could be as little as $2\times10=20\ $fish$
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