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    comparative advantage

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    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?

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    Solution Summary

    This is a microeconomics question covering comparative advantage.

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