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Author Question: Suppose an attorney has hired a very well-educated secretary that is not only more productive in ... (Read 66 times)

hbsimmons88

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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?


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Dominic

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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

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

mochi09

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Reply 3 on: Yesterday
Excellent

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