Robinson Crusoe Has Exactly 8 Hours Per Day to Spend

question 4

Multiple Choice

Robinson Crusoe has exactly 8 hours per day to spend gathering coconuts or catching fish.He can catch 4 fish per hour or he can pick 8 coconuts per hour.His utility function is U(F, C) = FC, where F is his consumption of fish and C is his consumption of coconuts.If he allocates his time in the best possible way between catching fish and picking coconuts, his consumption will be the same as it would be if he could buy fish and coconuts in a competitive market where the price of coconuts is $1, his income is

• A)$96 and the price of fish is $4.
• B)$64 and the price of fish is $.25.
• C)$32 and the price of fish is $4.
• D)$64 and the price of fish is $2.
• E)$48 and the price of fish is $.25.

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Definitions:

Underextension

A vocabulary error in which the infant applies a word too narrowly to a single object rather than the more appropriate, wider class of objects.

Overextension

In language development, it refers to the process by which children apply a word in a broader context than is appropriate, demonstrating their grasp of language categories.

Learning Theory

A framework that describes how students absorb, process, and retain knowledge during learning.

Unique Utterances

Original or novel spoken expressions or statements made by an individual.