Absolute, Comparative Advantage, Opportunity Cost

[mohmmad6924]

شكرا

[suidas84]

i just came all over my desk

[Coffee19feen]

Thank You!!!

[psythen44]

1 person watch this and still failed their economics exam

[asimple10]

I UNDERSTAND!!!!!!!!!!! :') thank you so much!

[hongenaertn]

very helpful but try to speak more fluent and the numbers in your excell chart are a little hard to read. thumbs up though i get it now!

[hongenaertn]

very helpful but try to speak more fluently and the numbers in your excell chart are a little hard to read. thumbs up though i get it now!

[Sizzlin2010]

good explanation with graphs .

[Coventrey]

Am I really taking Econ advice from a guy named "Junebug" ??

[tekenareuben]

for the desktop production, the opporunity cost for Econ A is 10/8 = 1.25 & the opprortunity cost for Econ B is 8/4 = 2. Since 2 is > 1.25, whilst Econ A = 1.25 and Econ B = 2, the opportunity cost in desktop production is less in Econ A.

When it comes to desktop production Econ A has a Comparative Advantage over Econ B.

When it comes to laptop production the opportunity cost for each economy is

Econ A = 4/5 = 0.,8 & Econ B = 2/4 = 0.5.

Econ B has a Comparative Advantage over Econ A.

[milo289]

Actually at 6:02 you say 2 is less than 1.25. That is incorrect. remember it is the lower number that has the comparative advantage. I hate it when I do that. Other wise, nicely done.

[diehard05]

wow!! this is good stuff... you made the concepts even more easier to understand with the excel sheet...

[fladdog]

good job on definitions, concepts, and presentation...

[lseexternal]

Thank you