Given that Sandy can produce 10 economics reports or make 2 sales calls and Tim can produce 2 economics reports or make 1 sales call, we can conclude that, a) Tim should produce both economics reports and sales calls. b) Sandy should specialize in economics reports, and Tim should specialize in sales calls. c) Tim should specialize in producing economics reports, and Sandy should specialize in producing sales calls. d) Sandy should produce both economics reports and sales calls since she cannot possibly gain from trade with Tim
Given that Sandy can produce 10 economics reports or make 2 sales calls and Tim can produce 2 economics reports or make 1 sales call, we can conclude that, a) Tim should produce both economics reports and sales calls. b) Sandy should specialize in economics reports, and Tim should specialize in sales calls. c) Tim should specialize in producing economics reports, and Sandy should specialize in producing sales calls. d) Sandy should produce both economics reports and sales calls since she cannot possibly gain from trade with Tim
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Given that Sandy can produce 10 economics reports or make 2 sales calls and Tim can produce 2 economics reports or make 1 sales call, we can conclude that,
a) Tim should produce both economics reports and sales calls.
b) Sandy should specialize in economics reports, and Tim should specialize in sales calls.
c) Tim should specialize in producing economics reports, and Sandy should specialize in producing sales calls.
d) Sandy should produce both economics reports and sales calls since she cannot possibly gain from trade with Tim
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