This is an odd question, but does a person become weaker and less self sufficient by allocating skills to another person for the pursuit of profit/efficiency?
and could u explain why the x of B' of the rancher's PPF is 3? in my opinion, i think that the farmer devote all his time to produce potatoes, so he cant produce meat but the rancher give him 3lbs of meat so the A; is (4;3). on the other side, the rancher devote all her time to produce meat, so the number of potatoes that she produce is 0. but she give 3lbs of meat to the farmer and receive 1lb of potatoes from him, and i think the B' must be (1; 37). this part has kept me stuck for these days now huhu plz explain
Unless the rancher didn't really want to eat a ton of meat and only a pound of potata. So she figured out that (3;21) would be a better plan. So she produced 2 pounds of potat and received 1 pound of potat (I guess😕)
How did you decide to use 2 for x on the first problem, Also how do did you decide that the rancher was going to make two different types of products while the farmer only makes one type of product
could u tell me when we use the slope at 12:39? is it when we draw the PPF with trade, we must use the slope? plz explain bc im gonna take a test next week :(
