Work, wellbeing, and scarcity

Materials for class on Wednesday, January 30, 2019

Contents

Slides

Download the slides from today’s lecture.

Paper airplanes and diminishing marginal product

Here’s the average production function:

And here’s the by-round production function (yay learning!):

Clearest and muddiest things

Go to this form and answer these three questions:

1. What was the muddiest thing from class today? What are you still wondering about?
2. What was the clearest thing from class today?
3. What was the most exciting thing you learned?

I’ll compile the questions and send out answers after class.