Chapter 2: Choice in a World of Scarcity
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Question 1
To begin the chapter 2 lecture videos, I mention a tradeoff involved with pursuing more schooling. Do you believe that the tradeoff in question is worth it? Describe the tradeoff in terms of your own personal situation as a current student, and explain why or why not.
Question 2
In the example in chapter 2 lecture Part 8, you may expect that the number of golden delicious it costs to produce one more honeycrisp is simply the reciprocal of the number of honeycrisp it costs to produce one more golden delicious. As I explain in the video, why is that not the case in this example?
Question 3
In your own words, write a brief 1 or 2 sentence summary of the chapter 2 lecture videos for our course.
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