The whole semester explains in one video. Thanks for sharing
@NishaMalhotra3 жыл бұрын
Glad it was helpful!
@jonathanwieler88634 жыл бұрын
THANK YOU! You explained this so much better than my teacher!
@NishaMalhotra3 жыл бұрын
Happy to help!
@sakibzubayer68273 жыл бұрын
Such a wonderful explanation. Thank you, Professor, you saved me.
@NishaMalhotra3 жыл бұрын
Glad it helped!
@Anshaj7 жыл бұрын
Watching this video = Exam is near. :D Anyway, nice demonstration.
@binurikarunasekara18903 жыл бұрын
Hi thanks for a great video. can you please explain how you came to the conclusion that "the home country produces both goods and foreign country specializes in B" at the very end
@NishaMalhotra3 жыл бұрын
comparing the new world price and the opportunity cost in the 2 countries. Also, note the placement of the world demand function.
@boburjonyoqubov547 Жыл бұрын
so Foreign in this case will produce 800 bananas and home? i know it will be incomplete specialized but how can we find out exact numbers ?
@catherinesame584510 жыл бұрын
is the opportunuity cost of producing one apple more not instead 2/3 units of banana? I am kind of lost
@RinLaHarlequin9 жыл бұрын
Catherine Same It is 3/2 and not 2/3 because you are thinking about the OC of output goods. Here, the example is about input resources, which means that instead of finding the OC of Apples by dividing Bananas/Apples, you need to do the exact opposite. Notice here that Ms. Malhotra listed unit labor requirements (ULR) instead of output (finished) goods. To find the OC of apples using unit labor requirements, it is actually ULR of Apples/ULR of Bananas.
@jessicabeal75842 жыл бұрын
what would the demand function be if DA/DB = PA/PB (so not using the inverse)? or would you not get a question like that as the numbers for the demand function would be really far away from the supply function?
@ahherng98222 жыл бұрын
omg finally found this vid that explain the ques I have been struggling, thanks!
@trentminor2452 Жыл бұрын
very informative, thank you.
@michaelsterg87623 жыл бұрын
I don't understand how you go from Pa/Pb to 1/(Pa/Pb) ?
@NishaMalhotra3 жыл бұрын
Is this related to the demand function? It's Pb/Pa and since our vertical axis is Pa/Pb - we should express the demand equation as a function of Pa/Pb Pb/Pa = 1 / (Pa/Pb)
@michaelsterg87623 жыл бұрын
@@NishaMalhotra Thank you for the clarification. I had missed that the graph Y axis was the inverse. It makes sense now!
@stevenbag66267 жыл бұрын
how does demand for apples over demand for banana equal the inverse of the two prices?
@NishaMalhotra7 жыл бұрын
The equation for the demand function was provided in the question.
@travelbuddy76162 жыл бұрын
Thank you this was really helpful
@christophrixe4666 жыл бұрын
Thank you very much for this Video ;D Helped really much to explain the solutions of the textbook.
@ellylang1183 жыл бұрын
thank you so much for this video, seriously
@NishaMalhotra3 жыл бұрын
You're so welcome!
@warrenluke611610 жыл бұрын
thank you for clearing this up :)
@hyunchulshim33874 жыл бұрын
Why would the demand curve be concave, not linear?
@NishaMalhotra3 жыл бұрын
It wouldn't change the results.
@annabelsmyth82633 жыл бұрын
Thank you! you helped me so much with my assignment.
@NishaMalhotra3 жыл бұрын
You're very welcome!
@boburjonyoqubov547 Жыл бұрын
so everytime when i need to find RD i can use 1/pa/pb i mean will it be always 1 ?
@NishaMalhotra Жыл бұрын
For this question we have been provided the equation for the demand function. But, that's not always the case. So, no it would be different and will depend on the question. You might be told that the two countries completely specialize in the production of the good in which they have comparative advantage - in that case the RD will cut the RS in the vertical region but we can't specify the exact world price - all we can say is that it will be between the OC of the two countries.
@Olav3D6 жыл бұрын
I think I finally got it, thanks :)
@ananyamalu140810 ай бұрын
the answer sheet isnt opening
@fahmidurrahmanplabon961910 жыл бұрын
thanks a lot................
@LeciHere2 жыл бұрын
But what if the demand is in autarky? How would you write the demand equation
@boburjonyoqubov547 Жыл бұрын
remember always, in autarky D=consumption is equal to S=production, in other words if economy produces 800 goods so consumption ( demand) will be 800,
@murataydn20275 жыл бұрын
teşekkürler.
@pauld75127 жыл бұрын
Hi, so in that situation, only foreign country gains from trade, correct?
@ishmamomi8 жыл бұрын
Thanks a lot :)
@cameronlukewilson2817 жыл бұрын
Fantastic
@monkeyninjja77 жыл бұрын
How do both countries benefit from trade in this scenario?
@NishaMalhotra7 жыл бұрын
Only foreign country gains from Trade. Home is the large country.
@youraliensister96427 жыл бұрын
really helped. Thanks
@manosko62695 жыл бұрын
i love you
@Taki47G5 жыл бұрын
Its unfinished. You should show the offer and demand for the other country and then make the world offer and demmand equilibrium.
@NishaMalhotra4 жыл бұрын
That's another video tutorial - If there is enough demand I'll put that together. I like to keep tutorials to one concept/question.
@Taki47G4 жыл бұрын
@@NishaMalhotra I see, thanks for the good content