Author Question: Assume that a doctor makes 200 per hour, a lawyer 250 per hour, an architect 140 per hour, a ... (Read 172 times)

soccerdreamer_17 · **on:** Jun 30, 2018

Assume that a doctor makes 200 per hour, a lawyer 250 per hour, an architect 140 per hour, a professor 50 per hour, and a waiter 35 per hour. Which of these professionals is most likely to spend time to negotiate with a car dealer?
a. The doctor
b. The lawyer
c. The architect
d. The professor
e. The waiter

Question 2

Tom is a castaway who washes up on a remote island. He can kill eight birds per hour or catch ten fish per day. The natives on the island can kill ten birds per day or catch twenty fish per day. Tom has a comparative advantage in:
a. hunting birds.
b. fishing.
c. both hunting birds and fishing
d. neither hunting birds or fishing.