ECN 104 Lecture Notes - Lecture 2: Negative Number, Opportunity Cost, Forklift
13 Oct 2016
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1-q5: macroeconomics (affects all of canada, microeconomics (1 canadian software, microeconomics (cid:523) it"s only 1 product(cid:524, macroeconomics (total output, microeconomics (1 bank, macroeconomics. I would also execute this by doing calculations and seeing if i have left over money to buy more candy or peanuts if i desire. budget line would be better because you get more product. 5: if you were to buy one more automobile you would have less forklifts. Similarly to if you were to buy one more forklift, you would not be able to purchase another automobile because if you purchase one, the other decreases in quantity. You would look at the shape, the concave shape gets steeper as the production begins to increase. The resources for the forklift however are scarce and limited, yet are being used very well as you can see, there are more forklifts being produced than automobiles. you cannot have a negative number of automobiles nor forklifts.
