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

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Definitions:

Adipose Tissue

Adipose tissue is a type of body fat or connective tissue that stores energy in the form of fat, provides insulation, and protects the body's organs.

Facial Hair

Hair that grows on the face, typically on areas such as the chin, cheeks, and upper lip.

Cervix

The bottom segment of the uterus within the female reproductive anatomy, serving as a connection between the uterus and the vagina.

Uterine Tube

Also known as the fallopian tube, it's a part of the female reproductive system that connects the ovaries to the uterus.