Micro 1.4 Comparative Advantage Practice: Output and Input Questions-AP Economics
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Im impressed at how easily i just learned this!
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nice videos
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@ao3rafique An Output Q would state how many they can produce (produce as in output). Input Q will state how many HOURS required to make 1 car (or could be acres needed to make some corn, as land in an input). Hope that makes sense.
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Ahh no shit.. why the **** didn't they teach me this in first year?
So simple.. !
Love the Clifford!
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@RivasSarah123 if they are say its car or bike per unit, they are referring to the hours per unit or per worker (aka time)
if they say they can produce this good or that good, then its talking about output
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if its and output question its talking the product as finalized product---1 car is worth a half a bike in this example
when its an input question its referring to the hours it takes to produce the product (aka how many input hours)
hope that helps
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Thank you so much for the input lesson! I only understood how to do output until today!
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I LOVE YOU !!! <33333
joanabananasmith 2 months ago 3
ok SERIOUSLY. you are my freakin' hero. I have my econ midterm tomorrow and I just spend 6 hours trying to figure this thing out - my teacher never told us that there was a difference between output and input! THANK YOU AND LOVE YOU SO MUCH.
cuddlys34bubble 4 months ago