This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose an attorney has hired a very well-educated secretary that is not only more productive in ... (Read 64 times)

hbsimmons88

  • Hero Member
  • *****
  • Posts: 526
on: Jun 29, 2018
Suppose an attorney has hired a very well-educated secretary that is not only more productive in filing briefs but also more productive at typing than he is.
 
  Can you provide any explanation for why it might still make sense for him to continue filing briefs while the secretary continues to do the typing?

Question 2

What are the three main types of markets for financial capital?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Dominic

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

Even though the attorney may be less productive at filing briefs than his own secretary it might be that he is able to do this at a lower opportunity cost than his secretary. On the other hand the secretary's opportunity cost of typing may be less than that of the attorney.

Answer to Question 2

The main types of markets for financial capital are the loan markets, the bond markets, and the stock markets.


hbsimmons88

  • Member
  • Posts: 526
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Jsherida

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Desertification damages formerly productive lands Desertification damages formerly productive lands
Parents who have higher levels of education encourage their children to be educated Parents who have higher levels of education encourage their children to be educated
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ... A highway curve of radius 80 m is banked at 45°. Suppose that an ice storm hits, and the ...
Video: Bone elongation - processes at the epiphyseal plate

For a complete list of videos, visit our video library