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.
-Refer to the scenario above.Who has a comparative advantage in handling CF cases and why?
A) Yasmin, because her opportunity cost of handling a CF case is a third of Zeek's
B) Yasmin, because her opportunity cost of handling a CF case is half of Zeek's
C) Zeek, because his opportunity cost of handling a CF case is a third of Yasmin's
D) Zeek, because his opportunity cost of handling a CF case is half of Yasmin's
Correct Answer:
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