James and Linda Must Prepare a Presentation for Their Marketing

question 214

Essay

James and Linda must prepare a presentation for their marketing class. As part of their presentation, they must do a marketing plan and prepare 40 PowerPoint slides. It would take James 5 hours to do the required plan and 5 hours to prepare the slides. It would take Linda 6 hours to do the plan and 10 hours to prepare the slides.
a. How much time would it take the two to complete the project if they divide the writing of the marketing plan equally and the development of the slides equally?
b. How much time would it take the two to complete the project if they use comparative advantage and specialize in writing the marketing plan or preparing slides?
c. If James and Linda have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize?

---

Definitions:

Spreadsheet

A digital worksheet that organizes data in rows and columns, making it easy to store, calculate, and analyze numerical information.

Tabular

Relating to or presented in the form of a table or grid, often used for displaying data.

Communication

The exchange of information, ideas, or feelings between individuals or groups through speech, writing, or other means.

Close The Database

The action of securely exiting a database application, ensuring that all data is saved and the database is properly shut down.