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Since Francis can produce more financial statements than Phil in the same period of time AND also answers more phone calls than Phil in the same period of time, Francis has absolute advantage over Phil in terms of productivity. However, because the opportunity of production costs differ, there is a benefit to divide the workload, even if Phil seems less productive.
We can calculate the opportunity of production costs of each individual for answering telephone calls by dividing the number of financial statements each could produce by the number of phone calls that could be answered in the same period of time:
1 financial statement 1
Phil = --------------------------- = ------ = 0.125
8 telephone calls 8
2 financial statements 2
Francis = --------------------------- = ------ = 0.20
10 telephone calls 10
The opportunity costs for Francis to answer phone calls is higher, therefore it makes more sense economically for Phil to answer phone calls (for which his opportunity costs of production are lower) and for Francis to make financial statements. In one hour, their combined output of work would be 8 telephone calls and 2 financial statements which is more than if they worked on both tasks. Specialization on one task increases their overall output.
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O'Sullivan, A., Perez, S., & Sheffrin, S. (2006). Economics: Principles, Applications, and Tools (5th Edition). Alexandria, VA: Prentice Hall.