Gary and Diane Must Prepare a Presentation for Their Marketing

question 137

Essay

Gary and Diane must prepare a presentation for their marketing class.As part of their presentation,they must do a series of calculations and prepare 50 PowerPoint slides.It would take Gary 10 hours to do the required calculations and 10 hours to prepare the slides.It would take Diane 12 hours to do the calculations and 20 hours to prepare the slides.
a.How much time would it take the two to complete the project if they divide the calculations equally and the slides equally
b.How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides
c.If Diane and Gary have the same opportunity cost of $5 per hour,is there a better solution than for each to specialize in calculating or preparing slides

---

Definitions:

Financial Measures

Quantitative indicators used to assess the financial health, performance, and stability of a business or project.

Customer Measures

These are metrics used by companies to assess satisfaction, loyalty, and experience from the customer's perspective.

Learning And Growth

A perspective within the Balanced Scorecard approach focusing on employee training and development, for the purpose of improving internal processes and innovation.

Profit Center

A division or segment of a company that is responsible for generating its own revenue and profit, with its financial performance being identifiable separately from other business activities.