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Harry and Gus fish the same lake together from the same boat. Each morning Harry typically ...

Description
Every lndlvldual has limited amauntofresoums, or 'scaroe resources In (he language of economics. When It eorneslo doing somelnlng using inose resourees, every person has «I those between one thing oranorher. So ln oroerlo perform an adlvny, we, alrnosr always, one up anolner one; mls rs whal— 5- A person is said lo have me eumparaiive advaniage, wnen (hat person is ablelo (any om an afllvlly a! a lower apponunigr mnnan anolner person. ure 9' en animal“, .- ' g‘he fixed amount oi resources.‘ . Harry (an fish elmer 20 bhmg'fls or5 walleyes . Gus (an nsn ellner 1o bhmglfls orzwalleyes Tnls an be represemed by me belowlao - Bluegills (a) Walleys (w) 20 5 10 2 M can also be represemed py lne dlagram below, where Walleyes is shown in me horiznmal axis and aluegrlls rs Shawn In me venieal axl -
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