Economics

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 the phone 8 calls,while Francis can either produce 4 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 or specilize? Be sure to show your work.

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asked by Nicole
  1. Take a shot. What do you think. Hint: the planners should specialize.

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  2. 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.

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    posted by shantel
  3. I have no clue.

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    posted by Tester

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