scenario: yasmin and zeek are lawyers working at v, w, and x llp. yasmin works 48 hours a week, and zeek also works 48 hours a week. they handle two types of cases, intellectual property (ip) cases and corporate fraud (cf) cases. it takes yasmin 6 hours to handle each ip case and 4 hours to handle each cf case. zeek can finish an ip case in 3 hours and a cf case in 6 hours. suppose that the two lawyers' boss wants the total number of ip cases worked on by them to equal the total number of cf cases worked on by them. so long as the total number of ip cases equals the total number of cf cases, their boss does not care which lawyer works on how many of which type of case. so yasmin and zeek decide to take advantage of their comparative advantages. how would they divide the tasks? a. yasmin specializes in ip cases, while zeek works on both types of cases. b. yasmin specializes in cf cases, while zeek specializes in ip cases. c. yasmin specializes in cf cases, while zeek works on both types of cases. d. yasmin specializes in ip cases, while zeek specializes in cf cases.

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )