Friday, October 28, 2011

EWOT week 10/24 -10/28

I can make 8 free-throws in a row and 24 lay-ups in a row. A friend of mine can only make 3 free-throws in a row and 6 lay-ups in a row. In terms of basketball prowess, I can definitely make more free-throws and lay-ups than said friend.  However, from an economic standpoint, my friend has a comparative advantage in making free-throws over me as the data below shows.

  • Price of 1 Lay-up
    • Me: 1/3 free-throw
    • My friend: 1/2 free-throw
  • Price of 1 Free-throw
    • Me: 3 lay-ups
    • My friend: 2 lay-ups 

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