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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Suppose that a skilled brain surgeon also happens to be the world’s fastest typist. Should she do her own typing or hire a secretary? Explain.

To determine
Brain surgeon’s absolute and comparative advantage.

Explanation

Even if the world’s fastest typist happens to be trained in brain surgery, she should hire a secretary for typing since the secretary will cost less for each hour spent typing...

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