Explore BrainMass

Explore BrainMass

    comparative advantage

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    As a manager of a financial planning business you have two financial planners.In an hour a person can produce 1 statement or answer 10 calls while another can produce 3 statemnets or answer 12 calls. Does either person has an absolute advantage in producing both products?Should they be self sufficent ( each producing statements and answering phones) or specialize?

    © BrainMass Inc. brainmass.com October 1, 2020, 6:10 pm ad1c9bdddf

    Solution Summary

    This is a microeconomics question covering comparative advantage.