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Conan O'Brien hosts the Conan show and Andy Richter, his sidekick, writes for it. Conan needs 4 hours to rehearse and host a good show. It takes Andy 10 hours to do the same. Conan writes one usable joke in an hour, but Andy needs 2 hours to do the same. From these numbers, we infer that Conan has a comparative advantage in the production of:
Expected Additional Benefit
The anticipated extra advantage or income gained from making a particular business decision or investment.
Expected Additional Cost
The anticipated expenses that are not initially accounted for, occurring as a consequence of a new action or decision.
Expected Marginal Cost
The anticipated cost of producing one additional unit of a good or service, taking into account all relevant factors and future circumstances.
Expected Marginal Benefit
is the anticipated additional benefit or utility obtained from consuming one more unit of a good or service.
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