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Economics Assignment
Discuss the opportunity cost you incur for some activity in your life. Additionally, what activity do you feel you have comparative advantage in?
• Explain. Your answers should communicate your full understanding of both opportunity costs and comparative advantage• Recall that any economic terms used should be fully defined to communicate your mastery of the concept• You should seek to put these definitions in your own words• 200 word minimum 250 maximum• APA format.
Solve for the optimal y Max U = E(rc)- ½ Aσc2 = rf + y[E(rp)-rf] - ½ Ay2 σp2
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