LECTURE 4 - The carpenter has a comparative advantage in...

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LECTURE 4 Opportunity cost Electrocution carpenter Rewiring 10 hours (10/15 paneling task) 20 hours (10/9 paneling task) Paneling 15 hours (15/10 rewiring task) 18 hours (9/10 rewiring task) The electrocution has a comparative advantage in rewiring.
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Unformatted text preview: The carpenter has a comparative advantage in paneling. Electrocution spend a total 25 hours Carpenter spends 38 hours If they trade and do things for each other Electrocution spends 20 hours Carpenter spends 36 hours...
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