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- Concept02:39Defining Economic Terms:Scarcity, Trade-offs, and Opportunity Costs1. Introduction to Macroeconomics / Introduction to Economics
- Concept02:04Definition of Economics:Micro vs. Macro1. Introduction to Macroeconomics / Introduction to Economics
- Practice problem
The opportunity cost of going to a baseball game is
1. Introduction to Macroeconomics / Introduction to Economics
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- MS@MS_2339215Update 11 months ago
Thanks for the video and explanation :) I wonder why you answered "Above Equilibrium" but in the chart you draw the 5$ wage mark below the market equilibrium. I understood why you draw the $5 below but I'm confused because in the sentence states "the price floor must be above"
0up votes•0replies - AS@AS_358Update 1 year ago
fantastic explanation. It was very confusing when i read it first in the textbook.
0up votes•0replies - ES@ES_650Update 1 year ago
Why did it disappear when I clicked on it? I needed to watch that!
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