Business, 14.07.2020 23:01 emilyphillips1681
Sam and Lisa run a catering business in which they have two major tasks: getting new clients and preparing food for events and parties. It takes Sam 12 hours to prepare the food for an event and 3 hours of effort to get each new client. For Lisa, it takes 10 hours to prepare food for an event and 5 hours to get a new client.
In this scenario, advantage in food preparation has an absolute advantage in food preparation, andhas a comparative
Assume that initially, Sam and Lisa are splitting both tasks for a large number of events. Then they decide to start shifting some work according to the principle of comparative advantage. In particular, the person with the comparative advantage in food preparation will take over preparing food for one more event, and the other person will use the freed-up time to get more clients. As a result, the total number of events for which food is prepared will remain unchanged, but the number of new clients will increase by.
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Sam and Lisa run a catering business in which they have two major tasks: getting new clients and pre...
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