Should Tiger Woods or Brad Pitt mow their own lawns Essay

Should Tiger Woods or Brad Pitt mow their own lawns - try on ExampleThe National Council on Economic Education 1998, p. 118, defines absolute proceeds as A person has an absolute advantage if he or she flowerpot produce more of a product with the same amount of resources as another person. The concept of absolute advantage points to a professional lawn lawn mower mowing the lawn more cost effectively than either Tiger Woods or Brad Pitt. Tiger Woods and Brad Pitt enjoy absolute a advantage in entertaining people through playing golf and acting in movies respectively, and earning more than they would by the time and effort spent on mowing their lawn.To unclutter this clearer let us look at the example of the famous cyclist Lance Armstrong and his fan mail. Being a cycling champion he is entrap to receive fan mail and respond to them. He can do it himself or with the help of a secretary. Lance Armstrong may be a good typist, but he does not enjoy comparative or absolute advantag e over his secretary in typing the response letters. He is economically wiser to leave the typing and sending of the responses to the fans to his secretary, while he spends his time and efforts in furthering his professional career in