Principles of Economics: Microeconomics - The Tradeoff Between Fun and Wages: No Such Thing as a Free Lunch

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What you'll learn

This course includes

11.5 hours of video
Certificate of completion
Access on mobile and TV

Summary

Full Transcript

If you had to choose, would you rather be a sewer inspector spending your days underground or a lifeguard on the beach? Most would say that being a lifeguard is a more fun job, but a sewer inspector has higher wages to compensate for the less-fun aspects of the job. In this video, we discuss the tradeoff between fun and wages and show how this illustrates that “There ain’t no such thing as a free lunch!" Microeconomics Course: http://bit.ly/20VablY Next video: http://bit.ly/1WJ5wmc Help us caption & translate this video! http://amara.org/v/GZWP/

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