Input approach to determining comparative advantage | AP Macroeconomics | Khan Academy

In this video, we take a slightly different approach to determining comparative advantage because we are given data in a slightly different way. Rather than knowing how much of two goods can be produced in a day, we know how much of a resources (in this case labor) is needed to produce one unit of a good.

AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us!

Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today!

[sayanichowdhury]

i don't understand why this video is soo underrated !!!

[wishmiwickramanayaka]

can i know why are we assuming 8 hours?

[SJay-ezfw]

for these questions can you always assume that there are 8 worker hours in a day?

[alexandrubirghilescu]

Getting the opportunity cost has NOTHING to do with the amount of hours worked if all workers work the same hours

[campingwolffyt]

Thx for showing me this I like math so thx for showing this to me 😀😀😀😀

[akilaweerasuriya]

So you mean if the question is given in terms of input covert it into output and then create the opportunity cost table?
Don’t you have a direct way of getting opportunity cost from the input table itself?