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Finding the Range of Prices under which Trade is Possible
Автор: econhelp
Загружено: 2020-06-09
Просмотров: 4582
Описание:
Hi everyone,
I hope that you are all doing well.
In this video, I discuss how to find the range of prices under which trade is possible. In a simple 2 good, 2 agent model.
The video is longer than I wanted - just because I included finding the opportunity costs in my example. Skip to around 3:24 if you are comfortable with finding opportunity costs and comparative advantage.
0:00 Introduction
3:24 Who sells to who
4:22 Looking at OC to find possible prices
:) :) :)
Thanks for watching!!
I hope that the video helps please like and subscribe.
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