It's 3:31 AM, I just downed 3 cups of coffee and my mind is going a million miles a minute but this video really helped me out

I spent 2 days trying to figure this out. You helped me understand it in less than 1/2 hour!

Cannot get a better explanation than this! Great Job!!

Good job, man. This is the best vid. I've seen on this topic on youtube.

Finally got an amazing economics teacher 👨‍🏫

It is a really helpful video, I understood everything you said. Thanks Mr. Welker.

Excellent video; what a great teacher!

Well organized, well explained helpful video for economists! thank you so much sir

Thank you so much for this video. Explained it perfectly

I was confused at first thinking that Apples are Iphones hahaha.A great video,very informative.Thanks a lot

Just Replace my Econ teacher already............Great work

thank you, your video really help in understanding the concept

My Notes/Review(might help you, might not, will help me tho) (: 1:13, Us cannot du both due to SCARCITY 2:10 Absolute Vs Comparative Advantage (one group does one better, so they do that & vice versa) Absolute: One group can produce more than another group Comparative: One group can produce a good cheaper than the other group 4:10 Cost of one object per other object, divide both (produces) by the first one - _# = _# To get Opportunity Cost, one must find the Comparative Advantage 3:58 Which has lower opportunity cost? 7:00 So Korea has lower opportunity cost... 7:40 Dun, Dun

Really well explained. Thank you

Thank you! You showed me a faster method of calculating opportunity cost!

Thank you Jason, all your lectures are so well explained and simplified. They are really helpful. Love you man.

Thank you, you've been very helpful to me and my brain. My teacher doesnt explain these in simple form but very hard but thank you for making me understand these. By the way i have a test in 2 more days

Thanks so much, makes so much sense

Super helpful video!! Thank you for the explanations and video. So much help!

best lesson ever

Thank you for making it easy to understand !

super helpful! thank you so much. you saved me so much time

Really helpful for a mind breaking concept

Thank you! This was super helpful

very very helpful thank you!!!

but Apples ARE smartphones...

thank u sir .....Give me an example in which oneperson have absolute advantege in doing something but other have comparative advantege?

I would like to share this with my class. Do I have your approval?

May I ask how do you determine which good to put on the x and y axis if the question requires us to draw our own diagrams? Thank you!

Really helpful....thank you

Thank you sir....for this video....that was very helpful 👍👍

If you compare the distance between the intercepts on each access, it is clear that the distance is greater on the Apples axis than the Smart phone axis. This is also a tip-off that the US should produce apples.!

you are a miracle worker!

Very well explained guru ji

thank you for this video 🤙

Love you man really help me out god

Well spoken thank you for this video

great video

makasih bro

For absolute adv a country should be able to produce more than another by using same amount of resources....or we can say it has absolute adv if it is using more resources and producing more goods....plz help!! thank you!

Thanks a lot!

thanks man for this

whats the name of the intro song? :)

thanks..

😊

Competitive advantage

love u man

there is no absolute advantage and not only by someone's definitions. why do not they start from necessary and sufficient? still can not operate by those two. what do you mean? to multiply or to devide? What do they do with the Easter eggs? they smash them into pieces. this is annihilation. Any other options? Why? you see : sabe costumbres de costumbres cabesa es cabesa manos son manos que tiene para felicitar nos?

Your definition of absolute advantage is wrong. Absolute advantage is the ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that same good or service.

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