Question

Use an appropriate economic theory to explain why Kobe Bryant might employ someone to answer his...

Use an appropriate economic theory to explain why Kobe Bryant might employ someone to answer his fan mail even if he can read the letters and type the responses more quickly than the person he employs?

Homework Answers

Answer #1

This is a situation of absolute advantage contrasting with respect to comparative advantage, when kobe bryant can able to read the letters and type the responses more quickly it means that he has absolute advantage over this task, but since he is a top basketball player he need to specialize in his field or need to get more time practising and playing basketball, thus in order to have comparative advantage he should be employing a new person to check the letters and make reply's, because he has the ability to do things at a lower marginal and opportunity cost over another.

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