About question 4, the question is about how to minimize the time to get jobs done, in the answer scenario it takes 40 minutes to get things done. But in the opposite bundle (if Hannah would wash the dishes and Kevin would vacuum the house), it would take 30 minutes to both done. Also, the ideal answer is Kevin wash dishes first and then help the Hannah to vacuum (assuming there are enough vacuums) which would minimize the amount of time (25,71 minutes) which would make the both B and D options true. (Or Hannah could buy a washing machine and a Roomba since she appears to be filthy rich.)
Hey for Q4, I am not sure if the answer is D, as they should be vacuuming and washing dishes at the same time right? If that is the case, why the answer is not C. As they only take 30 mins to finish all the tasks, where for D, they would need 40 mins to finish all the tasks(as Hannah need 40 mins to work do the vacuuming). Thanks for the videos! They really help a lot.
It's a bit of an awkward example, and I can see what you're saying, but the object is to reduce the TOTAL amount of WORKING minutes. If they both work for 30 minutes, that would equate to 60 working minutes. If they work according to comparative advantage, they are only working for a TOTAL of 45 minutes. The idea isn't necessarily to get the job done in the least amount of minutes, but to keep the amount of WORKING minutes to a minimum.
Great Video ...Keep them coming Jacob. I just received your new Flash-Disk drive, EDUHSD, should I go ahead and order your new Ultimate Review packet? Will the new Flash-disk drive suffice? Many Thanks
+Sean Moloney Sean, thanks for getting me teacher resources. They have a few study guides, but I just made the new packet to go with my new videos. It is a must have for your students.
You said this was an OUTPUT question. Is this not an INPUT question as you are not looking for the lower number you are looking for the higher number in this case. As you say, if this was the number of hours you would then look for the lower (OUTPUT) number? I got did get the correct answer anyway.
It's a bit of an awkward example, and I can see what you're saying, but the object is to reduce the TOTAL amount of WORKING minutes. If they both work for 30 minutes, that would equate to 60 working minutes. If they work according to comparative advantage, they are only working for a TOTAL of 45 minutes. The idea isn't necessarily to get the job done in the least amount of minutes, but to keep the amount of WORKING minutes to a minimum.
Question 4 is not a very good example. You are just following a model blindly without thinking of its applicability. This way of thinking is mostly applicable to activities that you can scale. Washing dishes and vacuuming could be a once a week kind of activity. In that case you don't MULTIPLY but ADD to minimize the amount of time.
For example: Hannah vacuums 18 min, dishes 40 min. Kevin vacuums 12 min, dishes 30 min. If you solve it with multiplication, Kevin should be vacuuming and Hannah washing the dishes. 0.4 vs 0.45 opportunity cost. But if you solve it with addition (for example if both activities only happen once a week), kevin should be washing the dishes and Hannah should be vacuuming. 48 min vs. 52 min.
About question 4, the question is about how to minimize the time to get jobs done, in the answer scenario it takes 40 minutes to get things done. But in the opposite bundle (if Hannah would wash the dishes and Kevin would vacuum the house), it would take 30 minutes to both done. Also, the ideal answer is Kevin wash dishes first and then help the Hannah to vacuum (assuming there are enough vacuums) which would minimize the amount of time (25,71 minutes) which would make the both B and D options true. (Or Hannah could buy a washing machine and a Roomba since she appears to be filthy rich.)
You are the only reason i'm passing my Econ class at Stanford I LOVE your videos
Watching it 2019 and writing exam on 28 May. Lots of love from South Africa
Hey, you wrote this comment like a year ago so I am wondering how as your exam :)
u are amazing
i love your videos. they helped me understand economics and they make it look fun and easy
The quick and dirty is such a nice trick!
Gonna take my exam on 7th May and it was really helpfull.
awesome Mr Clifford, the videos are sooooo much help, i am sure i will Pass no matter what.
Hey for Q4, I am not sure if the answer is D, as they should be vacuuming and washing dishes at the same time right? If that is the case, why the answer is not C. As they only take 30 mins to finish all the tasks, where for D, they would need 40 mins to finish all the tasks(as Hannah need 40 mins to work do the vacuuming).
Thanks for the videos! They really help a lot.
It's a bit of an awkward example, and I can see what you're saying, but the object is to reduce the TOTAL amount of WORKING minutes.
If they both work for 30 minutes, that would equate to 60 working minutes. If they work according to comparative advantage, they are only working for a TOTAL of 45 minutes.
The idea isn't necessarily to get the job done in the least amount of minutes, but to keep the amount of WORKING minutes to a minimum.
Yes you are right, considering if Hannah and Kevin work for one house. If they work for a big hotel, then Mr.Clifford's way is right.
How can we download the review pack?
Amazing video for those who are taking this class. Thank you so much!
You are the greatest ever!
it's very helpful for me
i love your videos!
These videos help so much
Great Video ...Keep them coming Jacob. I just received your new Flash-Disk drive, EDUHSD, should I go ahead and order your new Ultimate Review packet? Will the new Flash-disk drive suffice?
Many Thanks
+Sean Moloney Sean, thanks for getting me teacher resources. They have a few study guides, but I just made the new packet to go with my new videos. It is a must have for your students.
Simply Awesome
Thank you!!
You said this was an OUTPUT question. Is this not an INPUT question as you are not looking for the lower number you are looking for the higher number in this case. As you say, if this was the number of hours you would then look for the lower (OUTPUT) number? I got did get the correct answer anyway.
Thank you :)
but why the D option in last question ? explain it please
It's a bit of an awkward example, and I can see what you're saying, but the object is to reduce the TOTAL amount of WORKING minutes.
If they both work for 30 minutes, that would equate to 60 working minutes. If they work according to comparative advantage, they are only working for a TOTAL of 45 minutes.
The idea isn't necessarily to get the job done in the least amount of minutes, but to keep the amount of WORKING minutes to a minimum.
Quick annnnd Dirtyyyy
Question 4 is not a very good example. You are just following a model blindly without thinking of its applicability. This way of thinking is mostly applicable to activities that you can scale.
Washing dishes and vacuuming could be a once a week kind of activity. In that case you don't MULTIPLY but ADD to minimize the amount of time.
For example:
Hannah vacuums 18 min, dishes 40 min.
Kevin vacuums 12 min, dishes 30 min.
If you solve it with multiplication, Kevin should be vacuuming and Hannah washing the dishes. 0.4 vs 0.45 opportunity cost.
But if you solve it with addition (for example if both activities only happen once a week), kevin should be washing the dishes and Hannah should be vacuuming. 48 min vs. 52 min.
Yes you are right, considering if Hannah and Kevin work for one house. If they work for a big hotel, then Mr.Clifford's way is right.
this is very damn helpfull
Jacob my mouse pointer was hovering over the like button until you started singing bro. Please don't scare me like that again.
b is the true answer......not false.
shave your beautiful face brew life saver