Exhibit 2-2 -Given the Information in Exhibit 2-2, Which Product Should Friday

question 192

Multiple Choice

Exhibit 2-2

-Given the information in Exhibit 2-2, which product should Friday (an individual) make?

• A)fishhooks because he can make 30 more per day than Crusoe but only 8 more fishing poles
• B)both because he is better at both
• C)fishing poles because that is where his comparative advantage lies
• D)neither because Crusoe is better at both
• E)we cannot tell from the given information

---

Definitions:

Role Conflict

A situation where an individual faces incompatible demands from different roles they are expected to fulfill.

Managers

Individuals responsible for planning, directing, and overseeing the operations and personnel within an organization or part of an organization.

Group Cohesiveness

The extent to which members of a group support and validate one another while working towards a common goal.

Contest

A competitive event in which individuals or teams strive to prove superiority in a particular area.