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Matches CHUCK ROB Output per Hour Opportunity Cost Output per Hour Opportunity Cost 30 10 Fish 20 30 MATCHES FISH MATCHES FISH 15 10

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Matches CHUCK ROB Output per Hour Opportunity Cost Output per Hour Opportunity Cost 30 10 Fish 20 30 MATCHES FISH MATCHES FISH 15 10 5 15 Pre-trade (point on PPF) With specialization Trade amount (P= Post spec & trade Gains from trade What does it cost Chuck to make a match? What does it cost Rob to make a match? Who has the absolute advantage?) What is the minimum P of a match? What is the maximum P of a match? A fish? A fish? Be sure to use units. Be sure to use units. Who has the comparative advantage?. of a fish of a fish? Label graphs completely: axis, title, lines, hatch marks. I + ? matches matches

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