Task 1 Comparative Advantage by Jimmy Chia https://padlet.com/yu265793/bbb4m3_2 Made with the best of intentions en-us 2017-12-26 21:01:33 UTC 2018-04-11 22:53:07 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Basketball.png 1.Jiazhen can produce10 cars an'd 30 toys per day https://padlet.com/yu265793/bbb4m3_2/wish/250926357 and claire can produce 10 cars and 5 toys per day.
2. For jiazhen, the value of 1 car is equal to 3 toys. For claire the value of 1 car euals to 1/2 toys
Therefore, for cars, claire has the comparative advantage. But jiazhen has the absolute advange for toys. Jiazhen will use whole day to produce 60 toys while claire use the whole day to produce 20 cars. Clair has the comparative advantage of producing cars since it takes her 0.5 toys to produce a car while jiazhen needs to lose 3 toys for a car.
3.jiazhen use 2 toys trade 1 car. Therefore jiazhen will gain 5 cars and 50 toys per day, and claire gain 5 cars and 10 toys per day.

]]> 2018-04-11 20:48:47 UTC https://padlet.com/yu265793/bbb4m3_2/wish/250926357 https://padlet.com/yu265793/bbb4m3_2/wish/250927511 2018-04-11 20:54:23 UTC https://padlet.com/yu265793/bbb4m3_2/wish/250927511 G＆H ：trade shells and bullets sunsihan1109 https://padlet.com/yu265793/bbb4m3_2/wish/250928726 Stages 1 :
Hansen can produce 40 shells or 10 bullets for each day.
Glen can produce 10 shells or 10 bullets for each day.
Stages 2 :
Hansen can use half day to producing 20 shells and 5 bullets.
Glen can use half day to producing 5 shells and 5 bullets.
Hansen can use the whole day to producing 10 bullets, and Glen uses the whole day to producing 10 bullets.
Hansen also can use the whole day to producing 40 shells, and Glen uses the whole day to producing 10 bullets.
Contrust them, Glen has a comparative advantage in producing bullets because he just needs 1 bullet to produce 1 shell, and Hansen needs to lose 3 shells for 1 bullet.
Stages 3 : 
Hansen use the whole day to producing 10 bullets, and Glen uses the whole day to producing 10 bullets. Hansen uses 2 shells to trade 1 bullet with Glen.
In the end, Hansen can get 20 shells and 5 bullets. Glen can get 20 shells and 5 bullets. 
]]> 2018-04-11 20:59:48 UTC https://padlet.com/yu265793/bbb4m3_2/wish/250928726 Instructions yu265793 https://padlet.com/yu265793/bbb4m3_2/wish/250929599 You and your partner create a scenario that shows comparative advantage.  Please make sure to do it in the following 3 stages:  
1. What was you production at the start.  Choose 2 product and numbers that are different than the video.  
2. Rearrange your production to maximise the total stock.  Describe who has absolute advantage and who has comparative advantage.  
3. Describe how you would trade to help each other.    ]]> 2018-04-11 21:03:41 UTC https://padlet.com/yu265793/bbb4m3_2/wish/250929599 zixuantong029 https://padlet.com/yu265793/bbb4m3_2/wish/250929646 stage 1: Olivia: Produce 5 helicopters  and 10 space crafts per day.
Ruiyang: produce 5 helicopters and 20 space crafts per day.

Stage 2: Olivia: 1 helicopter : 2 space crafts
Ruiyang: The time I produce 1 helicopter equal to the time I produce 4 space crafts
Olivia: The time I produce 1 helicopter equal to the time I produce 2 space crafts
 in total:  10 helicopters and 30 space crafts Olivia and Ruiyang will produce totally in one day. 
 For Ruiyang the value of 1 helicopter is equal to 4 space crafts compare to Olivia which is the value of 1 helicopter is equal to 2 space crafts. So Olivia has comparative advantage because it takes her 2 space crafts to produce 1 helicopter while Ruiyang needs to spend 4 space crafts to produce 1 helicopters . And the speed of producing space crafts is faster than Olivia, so Ruiyang has absolute advantage.
Stage 3: 
Olivia: produce 10 helicopters only per day.
Ruiyang: produce 40 space crafts only per day.
In total:10 helicopters+40 space crafts. 
Trade: 1 helicopter (from Olivia): 3 space crafts(from Ruiyang)

Finally, Olivia will have 5 helicopters and 15 space crafts
Ruiyang will have 5 helicopters and 25 space crafts]]> 2018-04-11 21:03:54 UTC https://padlet.com/yu265793/bbb4m3_2/wish/250929646 t guo1262680068 https://padlet.com/yu265793/bbb4m3_2/wish/250932280 2018-04-11 21:17:41 UTC https://padlet.com/yu265793/bbb4m3_2/wish/250932280 T&M guo1262680068 https://padlet.com/yu265793/bbb4m3_2/wish/250932289 Stages 1:
Mary: 4 cakes /20 strawberries per day
Tom: 4 cakes/10 strawberries per day
Stages 2:
For cakes, Tom has the comparative advantage in strawberry. Mary has the absolute advantage in strawberry. When their work getting together, they can produce 30 strawberries.
Stage 3:
If Mary improves herself that she can produce 40 strawberries one time. Not only she improve her productivity, she can also bring advantage to Tom. In this case, Mary need use 20 strawberries to change one cake. And Tom and get more strawberries from Mary for one cake. Mary use 5 strawberries trade 1 cake. then Mary can gain 4 cakes and 20 strawberries. Tom can gain 4 cakes and 20 strawberries

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