document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=210100>Question 210100</A>: <I><SPAN STYLE=\"word-break: break-all;\"> As a manager of a financial planning business you have 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 4 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? Be sure to show your work. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #158765 by </B><A HREF=/tutors/aboutme.mpl?userid=silencehurts><B>silencehurts(5)</B></A><img src=\"/images/stars/iconNewId_16x16.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=silencehurts><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=158765\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> As a manager of a financial planning business you have 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 4 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? Be sure to show your work.<BR>\n" );
document.write( "          f.s.   calls<BR>\n" );
document.write( "phil    = a = 1  b = 8                talktime = time / # of calls<BR>\n" );
document.write( "francis = c = 4  d = 10        productivity time = time / # of financial statement<BR>\n" );
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document.write( "time    = 1hr = 60min\r<BR>\n" );
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document.write( "productivity time for financial statement\r<BR>\n" );
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document.write( "phil  = 60 / 1             <BR>\n" );
document.write( "      = 60min/fs                   \r<BR>\n" );
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document.write( "francis =  60 / 4<BR>\n" );
document.write( "        =  15min/fs\r<BR>\n" );
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document.write( "talktime\r<BR>\n" );
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document.write( "phil  = 60 / 8             <BR>\n" );
document.write( "      =  7.5min/call               \r<BR>\n" );
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document.write( "francis =  60 / 10<BR>\n" );
document.write( "        =  6min/call\r<BR>\n" );
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document.write( "francis is more productive, he can make more financial statement in an hour and can also handle more calls than phil.\r<BR>\n" );
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document.write( "i can say they should have separate work. with receiving calls, Phil can concentrate on receiving calls so Francis can do concentrate in doing more financial statement \r<BR>\n" );
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document.write( "and Francis can adjust in making 2 financial statement and receive 5 calls in an hour if needed.\r<BR>\n" );
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document.write( "for Francis<BR>\n" );
document.write( "let a=prod time /fs   b=talk time /call\r<BR>\n" );
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document.write( "  60min = 2a + 5b<BR>\n" );
document.write( "  <BR>\n" );
document.write( "  60min = 2fs(15min/fs) + 5calls (6min/calls)<BR>\n" );
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document.write( "  60min = 30 min + 30 min\r<BR>\n" );
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document.write( "  60min = 60min </SPAN>\n" );
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