Problem on absolute advantage in producing products


Question:

The manager of a financial planning business has two financial planners, Phil and Francis. In an hour, Phil can produce either one financial statement or answer 8 phone calls, while Francis can either produce 2 financial statements or answer 10 phone calls. Does either person have an absolute advantage in producing both products? Should these two planners be self-sufficient (each producing statements and answering phones) or specialize?

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Macroeconomics: Problem on absolute advantage in producing products
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