Kat Von D, also known as Katherine von Drachenberg, is an American tattoo artist, model, musician, entrepreneur, and television personality. She is best known for her work as a tattoo artist on the TLC reality television show LA Ink (this comes straight from Wikipedia). What most people don't know is that Kat was classically trained in piano beginning at age 6. She is, by the way, a much better pianist than I am, who have just started to learn. In short, she is a better tattoo artist (I can't draw to save my life) and a better pianist. She is, however, given her choice of job, a much better tattoo artist than she is a pianist, or we wouldn't know her from her tattooing skills. Let's assume your instructor has become a pianist...
What does economic theory have to say about these career choices? Which of the following must be true about Kat and your instructor?
In your answer, make sure you state the following:
The good(s) in which Kat and your instructor have an absolute advantage.
The good(s) in which Kat and your instructor have an absolute disadvantage.
The good(s) in which Kat and your instructor have a comparative advantage.
The good(s) in which Kat and your instructor have a comparative disadvantage.
How Kat's opportunity cost of doing tattoos in terms of playing the piano compares to your instructors.
Kat Von D, also known as Katherine von Drachenberg, is an American tattoo artist, model, musician, entrepreneur, and television personality. She is best known for her work as a tattoo artist on the TLC reality television show LA Ink (this comes straight from Wikipedia). What most people don't know is that Kat was classically trained in piano beginning at age 6. She is, by the way, a much better pianist than I am, who have just started to learn. In short, she is a better tattoo artist (I can't draw to save my life) and a better pianist. She is, however, given her choice of job, a much better tattoo artist than she is a pianist, or we wouldn't know her from her tattooing skills. Let's assume your instructor has become a pianist...
What does economic theory have to say about these career choices? Which of the following must be true about Kat and your instructor?
In your answer, make sure you state the following:
The good(s) in which Kat and your instructor have an absolute advantage.
The good(s) in which Kat and your instructor have an absolute disadvantage.
The good(s) in which Kat and your instructor have a comparative advantage.
The good(s) in which Kat and your instructor have a comparative disadvantage.
How Kat's opportunity cost of doing tattoos in terms of playing the piano compares to your instructors.
