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Relative Productivity, Hi I'm watching an example online about a basic example but I'm not quiet understanding. Home: Foreign Home/Foreign 4hrs/1C 3hrs/1C 1.33 or 33%
Relative Productivity,
Hi I'm watching an example online about a basic example but I'm not quiet understanding.
Home: Foreign Home/Foreign
4hrs/1C 3hrs/1C 1.33 or 33% more
2hrs/1W 1hr/1W 2.00 or 100% more
My question is, How did they get 33% and 100% more from those decimals?
Also, the video states that Home is relatively best in C in comparison (?) to the foreign country, but how is that possible if we take the ration of the foreign country, it's only 75% in comparison to 133%?
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