Self Sufficiency vs. Specialization

Essay specific features

 

Issue:

Business

 

Written by:

Julia J

 

Date added:

March 21, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 382

 

Was viewed:

5605 times

 

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Essay content:

This is known as an absolute advantage according to O' Sullivan and Sheffrin (Economics, 2006) because Francis has the ability to produce a good at a lower absolute cost than Phil. For calculations it is assumed there are eight hours in a standard day and there are five days in a work week. To decide which work method would be best for Phil and Francis I first calculated self-sufficient rates per day...
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To decide which work method would be best for Phil and Francis I first calculated self-sufficient rates per day. Splitting the day exactly in half and then multiplying each field by four allows the following: ? Phil can produce 4 financial statements and 32 phone calls per day. ? Francis is able to produce 8 financial statements and 40 phone calls per day...
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