Robinson Crusoe's economy One agent, RC Endowed with a fixed quantity of one resource 24 hours Use time for labor(production or leisure(consumption) Labor time =l leisure time 24-l What will rc choose?Robinson Crusoe’s Economy One agent, RC. Endowed with a fixed quantity of one resource -- 24 hours. Use time for labor (production) or leisure (consumption). Labor time = L. Leisure time = 24 - L. What will RC choose?