Class Notes (838,386)
United States (325,381)
Economics (213)
Lecture

Macroeconomics 1:30:14.pdf

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Department
Economics
Course
ECON-UA 12
Professor
Edward Steinberg
Semester
Spring

Description
Macroeconomics 13014 For Opportunity Cost US can produce 1 ton of wheat1 ton of corn 1 C1 W Brazil can produce 1 ton of wheat2 tons of corn 1 C12 W1 For US op cost of producing wheat is lower and comparative advantage inwheat production2 For Brazil op cost of producing corn is lower and has comparative advantage incorn productionresources are limited our wants are infinite Going to collegeimplicit cost salary you could be earning to work benefit of college earn 10000 more in average after x 1c1000x 10001c interest rate crap 2 yrs laterx1c1cx 10001C2
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