Business, 31.12.2019 04:31 cloudFF

Alexi and tony own a food truck together that serves only twoitems, street tacos and cuban sandwiches. some customers purchase both goods together; therefore, they will always produce both goods.

alexi and tony can sell all the street tacos and cuban sandwiches that they are able to produce, and will split the revenue equally.

output per hour

streettacos

cuban sandwiches

alexi 30 50
tony 80 40
alexi's opportunity cost of producing one taco is cuban sandwiches.

(round your response to two decimal places.)

tony's opportunity cost of producing one taco is cuban sandwiches.

(round your response to two decimalplaces.

has a comparative advantage in the production of cuban sandwiches.

has a comparative advantage in the production of street tacos.

assume that alexi works 20 hours per week in the business.

further assume that alexi devoted half of his time (10 of the 20 hours) to making street tacos and half of his time to making cuban sandwiches.

1.) using the line drawing tool, graph the possible combinations of street tacos and cuban sandwiches that he could produce in a week. label the line

'ppfalexi'.

2.) using the point drawing tool, indicate how many of each good he actually produces in a week given the amount of time spent on each. label the point 'a'.

carefully follow the instructions above and only draw the required objects.

suppose that alexi spent all 20 hours of his time on street tacos and tony spent 17 hours on cuban sandwiches and 3 hours on street tacos.

combined they would produce a total tacos and sandwiches.

suppose that alexi and tony can sell all their street tacos for $3.50 each and all their cuban sandwiches for $3.50 each.

suppose each of them works 20 hours per week and they decide to completely specialize. that is, alexi will spend all 20 hours on production of one good, and tony will spend all 20 hours on production of the other good.

how will they spend their time?

tony spend__hours on the production of street tacos.

alexi will hours on the production of cuban sandwiches.

tonywill specialize in street taco production and earn $ will specialize in cuban sandwich production and earn $

their maximum joint revenue is $ week.

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Answers: 1

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Alexi and tony own a food truck together that serves only twoitems, street tacos and cuban sandwiche...

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