Markus is a freelance graphic designer who earns $80 per hour and has no problems with...
Markus is a freelance graphic designer who earns $80 per hour and has no problems with getting clients. He is deciding whether to hire Laura, a recent college graduate, to assist him. It would take Laura two times as long as it takes Markus to complete a task. Should Markus hire Laura?
Question 6 options:
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Yes, if Laura agrees to work for twice as long as Markus. |
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No, because Markus is more productive than Laura, so he would be able to earn more when doing all the work himself. |
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No, because Markus has a comparative advantage over Laura. |
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Yes, but only if Laura agrees to work for less than $30 per hour. |
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Yes, if Laura agrees to work for $39 per hour. |
Homework Answers
Markus is more productive than Laura, because Laura takes double time as compare to Markus to complete a task.
So, Markus should not hire Laura.
Because Markus is more productive than Laura, so he would be able to earn more when doing all the work himself.
So, the correct answer is an option (b).
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