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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
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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