Go to www.Ted.com and watch Thomas Thwaitess talk, How I built a toasterfrom scratch. How much money

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Go to www.Ted.com and watch Thomas Thwaites’s talk, “How I built a toaster—from scratch.” How much money and time do you think Thwaites spent building his toaster? How long do you think it would have taken Thwaites to earn enough money in, say, a minimum wage job to buy a toaster? Comment on the division of labor and the importance of specialization in increasing productivity.
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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