An economist suggests:

Question

Quizplus · Accepted Answer

Basing home repair decisions on comparative advantage ensures that tasks are assigned to those who can perform them most efficiently, resulting in overall cost savings. It allows individuals to specialize in tasks they are good at, and avoid wasting time and resources on tasks they are less skilled at. This means that in some cases, it might be more cost-effective to hire an outside expert, while in others it may be better to do it yourself. It is important to evaluate the opportunity cost of both options before making a decision.

An Economist Suggests