Essay
Yusuf and Lebogang must prepare a presentation for their marketing class. As part of their presentation, they must do a series of calculations and prepare 50 PowerPoint slides. It would take Yusuf 10 hours to do the required calculation and 10 hours to prepare the slides. It would take Lebogang 12 hours to do the calculations and 20 hours to prepare the slides.
a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally?
b. How much time would it take the two to complete the project if they use comparative advantage and specialise in calculating or preparing slides?
c. If Lebogang and Yusuf have the same opportunity cost of R50 per hour, is there a better solution than for each to specialise in calculating or preparing slides?
Correct Answer:

Verified
a. If both tasks are divided equally, it...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q9: Suppose the world price is below the
Q11: Exhibit 3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8829/.jpg" alt="Exhibit 3
Q16: According to the principle of comparative advantage,
Q17: Which of the following will not shift
Q18: Exhibit 2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8829/.jpg" alt="Exhibit 2
Q19: Table 1 shows the units of
Q20: The only two countries in the world,
Q27: Points on the production possibilities frontier are<br>A)
Q33: When a country allows trade and imports
Q37: If free trade is allowed, a country