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York University (35,141)
Economics (1,721)
ECON 1010 (200)
Lecture

Sept 13th.docx

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Department
Economics
Course
ECON 1010
Professor
Dr.o'shaughnessy
Semester
Fall

Description
th Sept 13 • Should you and you roommate divide household chores evenly? No, you should specialize at what you’re good at • Example: 1 interior decorators both work 40 hours a week. Martha can paint 20 rooms or wallpaper 5 rooms and Stewart can paint 10 rooms of wallpaper 8 rooms - Martha needs 2 hours per paint room and 8 hours per wallpaper room - Stewart needs 4 hours per paint room and 5 hours per wallpaper room -Martha opp cost for painting room is ¼ and wallpaper rooms is 4 -stewart opp cost for paint room is 4/5 and wallpaper is 5/4 • Absolute advantage: ability to produce a good with
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