Economics - International Economics - Comparative advantage - The Doctor and the Secretary

A classic illustration of comparative advantage. 'Dr. Smith types 100 words/min and sees 10 patients/hour. Her secretary types 60 words/min and sees 0 patients/hour.' Step 1: 'Dr. Smith is BETTER at BOTH tasks (absolute advantage in both).' Step 2: 'Should she do her own typing? Let's check opportun

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Economics - International Economics - Comparative advantage - The Doctor and the Secretary
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Economics - International Economics - Comparative advantage - The Doctor and the Secretary

vivmagarwal
vivmagarwalJan 29, 2026

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A classic illustration of comparative advantage. 'Dr. Smith types 100 words/min and sees 10 patients/hour. Her secretary types 60 words/min and sees 0 patients/hour.' Step 1: 'Dr. Smith is BETTER at BOTH tasks (absolute advantage in both).' Step 2: 'Should she do her own typing? Let's check opportun

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EconomicsInternational EconomicsClass 12, A Level, Class 12, DP Grade 12, Grade 12

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