The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 13

Attorney Fudd is the most highly sought after lawyer in the state. He is also a phenomenal typist who can do 120 words per minute. Should Fudd do his own typing if the fastest secretary he can hire does only 60 words per minute? Can you provide an argument (no graphs are necessary) that Fudd is not twice as efficient as his secretary at typing, that he is, in fact, less efficient at typing and that he should therefore retain a secretary?