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?

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Definitions:

Units

Basic quantities of measurement or standard amounts used in specific fields, like medicine for dosing.

Measured Syringe Volume

The quantity of liquid measured and drawn into a syringe for injection or other use, often measured in milliliters (mL).

mL

Milliliter, a metric unit of volume equal to one-thousandth of a liter.

Units

A standard quantity used in measurement or as a basis for counting, measuring, or calculating, often used in medical dosing.