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It was the end of the day and Michael Scott was ready to head home from his stressful, difficult job at Dunder Mifflin consisting of sitting at his desk and doing nothing all day long. On the other hand, Dwight Schrute, the top sales employee at Dunder Mifflin, was just getting ready to work for his family farm at his house. The two of them got along very well (for the most part), and were discussing how much debt they still had to pay off after the hundreds of scams Michael signed up for online, and the purchasing of new farmland for Dwight. With no clue on how to pay off their debts, Michael finally came up with the solution of helping each other farm beets and carrots in order to make an extra profit on top of their primary job at Dunder Mifflin. Dwight, with his supreme confidence, brushed this deal off thinking that he could produce far more carrots and beets without the help of Michael. Michael begged for Dwight’s help and trading between the two of them, even though he produced far less carrots and beets in his one-acre land slot for gardening. No matter how hard he tried, Dwight could still produce more beets and carrots in one month than Michael could in the same slot of time. Dwight declined Michaels desperate hopes of collaborating together, and the two of them started producing the crops on their own. After one month’s work of focusing on beets alone, Dwight was able to produce twelve tons of beets, while Michael could produce two tons of beets. The following month, they both focused on producing carrots, and Dwight ended up producing six tons of carrots, while Michael could produce four tons of carrots. At this point, Michael felt as if he reached a midlife crisis, since he lost to Dwight in this heated “competition”. In hopes of regaining their trade with each other, Michael talked to Angela, Dunder Mifflin’s accountant, to see what he could do. “You know that both of you can benefit from trading with each other, right?”; at this moment, Michael felt a sense of accomplishment, even though he had no idea as to why they could both benefit from trade. Dwight wanted to see the proof and facts that trade could help him, but he refused to do so and replied by saying “Well I can just produce more carrots and more beets then, and then there will be no problem at all!”. Angela explained to him how scarcity prevented this from happening, since Dwight couldn’t get everything he wanted with the limited time he had; after all, there are only twenty four hours in a day. Next, she brought up how this scarcity affects their decision-making as well. “Since you have limited time each month for producing these goods, there will be an opportunity cost for deciding which combination of carrots and beets you want to produce per month. Dwight, you also have the absolute advantage when trading with Michael, meaning you can produce more carrots and beets than Michael can in the same period of time”. The last thing Dwight needed was something to boost his ego even more. Unfortunately, this statement brought Michael’s hopes down and left him feeling useless once again. “Michael you may not be good at many things, that includes being a boss, but you still have the comparative advantage in producing carrots! Your opportunity cost for producing carrots is much lower than Dwight’s” Once again, Michael had no clue what Angela was talking about, but it seemed to put him back in a good mood as Angela continued to speak; “Dwight, since you have the comparative advantage in beets, and Michael has the comparative advantage in producing carrots, the two of you should focus on the specific good you have the comparative advantage in, and then trade!”. Dwight was very skeptical of this new idea, and believed that it would only benefit Michael in the end. Michael was skeptical as well thinking Angela was taking advantage of his low intellect, and told them “I’m not superstitious in your idea, but I am a little stitious”. In order to get Michael to stop talking irrationally, Dwight finally agreed to the deal to trade with Michael, and continue to trade if this plan works out in the end. After a month’s work on specializing on either carrots or beets, the two of them met up and agreed to trade one ton of beets for one ton of carrots, based on a value Angela formulated that was between both of their opportunity costs for beets. Dwight was expecting to be disappointed in the results, while Michael was eager to benefit from this decision, and to bring Dwight down for once as well. After counting how much of each product they could both acquire after trading with each other, the results surprised them! Both Dwight and Michael ended up with more carrots and beets than they could produce on their own. “Soon my fake subscription to winning $1,000 for free online will be paid off!”, Michael exclaimed as he jumped up in excitement. The two of them have finally learned that a little lesson on economics, opportunity costs, scarcity, and trade can really help you with making the most out of your current situation. After the hardships both Dwight and Michael had gone through the past couple of months, the two of them finally could agree upon one thing: trade is good. From that point on,

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