Author Question: To complete his business bookkeeping work each month, a business owner spends about 20 hours and in ... (Read 169 times)

OSWALD · **on:** Jul 7, 2018

To complete his business bookkeeping work each month, a business owner spends about 20 hours and in the process, has to give up 900 in income. If he hired a bookkeeper to do the work, the job would be completed in 15 hours and would cost him 600.

Should the owner hire the bookkeeper or continue to do the work himself?
A) He should hire the bookkeeper because the bookkeeper has an absolute advantage in completing the books.
B) He should do the bookkeeping himself because he has an absolute advantage in completing the books.
C) He should hire the bookkeeper only if the bookkeeper agrees to give him a discount on the service price.
D) He should hire the bookkeeper only if the bookkeeper is willing to complete the work in 12 hours.

Question 2

A nuclear family comprises of one's immediate family, along with grandparents, uncles, aunts, and cousins.

Indicate whether the statement is true or false