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 80 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

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S Grace Service, a YMCA missionary, explained that these porters worked at the base of Mount Omei in S
Durable power of attorney. Durable power of attorney.
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
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 ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Parathyroid hormone (bone resorption) & Calcitonin (bone deposition)

For a complete list of videos, visit our video library