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Comparative Advantage An Engineer earns $200 an hour in her profession.She can hire a Housekeeper for $15 an hour to take care of her home.The
Comparative Advantage
An Engineer earns $200 an hour in her profession.She can hire a Housekeeper for $15 an hour to take care of her home.The Engineer is very smart and hard working.She has found out that she can do the Housekeeping work twice as fast as her Housekeeper.Should she fire the Housekeeper and do the work herself?What principle in Economics should be used in answering this question?
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