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Essay text:
In fact, someone can be completely unskilled at doing something, yet still have a comparative advantage at doing it!" (The Library of Economics and Liberty, 2004)
If you add the numbers for both Phil and Francis for a week, you can see that Francis has an absolute advantage over Phil when it comes to producing both products.
Phil Francis
Statement Phone Calls Statement Phone Calls
1=PH* 10=PH* 3=PH* 12=PH*
8=PD* 80=PD* 24=PD* 96=PD*
*Per Hour
*8 Hours Per Day
With the two financial planners, Phil and Francis, their out-put can be explained in conjunction with productivity and opportunity costs...
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