| State | C | W | DeltaC/DeltaW |
| A | 10 | 10 | -1 |
| B | 20 | 5 | -4 |
| C | 5 | 20 | -.25 |
| D | 5 | 0 | XXXX |
| E | 0 | 5 | 0 |
| F | 25 | 40 |
Comparative Advantage- even though state F is the best corn producer of them all, it should still make wheat, because it has a comparative advantage in doing so
the reason the table only contains two goods is because the blackboard is 2D, and everything said is applicable to more dimensions (it's just more complicated)
the way you make sure the right goods are produced is by assigning prices to goods, and letting the producers decide for themselves.
-They want to make the most profit, so they'll naturally go towards the PPF
-to move along the PPF, just change the prices of the goods to incentivize the production of one or the other
R = PcC + PwW
R = revenue
Pc = price of corn
Pw = price of wheat
C = amount of corn produced
W = amount of wheat produced
C = R/Pc - Pw/Pc * W
only legitimate profits and revenues able to be obtained are the intersections of the revenue line and the PPF
SUPPLY CURVE
A supply curve is a curve that answers the following set of questions
-when the price of wheat is announced, how much wheat do producers want to deliver to the marketplace?
-has NOTHING TO DO with demand or who's gonna buy the wheat
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