Business, 03.08.2021 22:30 abbie722

Lorenzo and Neha are partners at a management consulting firm. They are trying to determine which of them has a comparative advantage in creating the 50 slides required for a sales pitch to a prospective client. Lorenzo can create 10 slides per hour. For other activities, he can bill clients $500 per hour. Lorenzo's opportunity cost of creating slides is per slide. Neha's opportunity cost of creating slides is 20% lower than Lorenzo's. However, as the senior partner, her billing rate is 15% higher. Based on all of these facts, has a comparative advantage in creating slides.

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Lorenzo and Neha are partners at a management consulting firm. They are trying to determine which of...

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