As a manager of a financial planning business you have two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 2 financial statements or answer 10 phone calls. Does either person have an absolute advantage in producing both products? Should these two planners be self-sufficient (each producing statements and answering phones) or specialize? Be sure to show your work.© BrainMass Inc. brainmass.com October 9, 2019, 11:59 pm ad1c9bdddf
You have three choices to allocate work: 1) Both only answer calls, 2) both only do financial statements, or 3) One only does financial statements and the other only answers calls. ...
Choices to allocate work are presented.