The next 3 questions refer to this scenario: Two children, a…

The next 3 questions refer to this scenario: Two children, a boy and a girl, are riding in a car with their mother. The girl is sitting in the back seat, and is securely fastened in her seat belt. The boy is sitting in the front seat, and is not wearing his seat belt. The car is moving at 25 mph on a straight road when the mother suddenly brakes to avoid hitting a dog that has run into the street. The car quickly comes to a stop, without swerving to either side.

Assume that Betty and Ann live on a desert island. With a da…

Assume that Betty and Ann live on a desert island. With a day’s labor, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. Betty’s opportunity cost of producing 1 fish is ________, and she should specialize in the production of ________.