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Alexi and Tony own a food truck together that serves only two items, street tacos and Cuban sandwiches. Some customers purchase goods together; therefore, they will always produce both goods.
Alexi and Tont can sell all the street tacos and Cuban sandwiches that they are able to produce, and will split the revenue equally.
Q: Tony will spend 20 hours on the production of street tacos.
Alexi will spend 20 hours on the production of Cuban sandwiches.
Tony will specialize in street taco production and earn $__. Alexi will specialize in Cuban sandwich production and earn Text Problem 1.4 Alexi and Tony own a food truck together that serves only two items, 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 Street Tacos Cuban Sandwiches Alexi 40 80 Tony 90 20 Alexi's opportunity cost of producing your response to two decimal places.) one taco is 2 Cuban sandwiches. (Round Tony's opportunity cost of producing one taco is 22 Cuban sandwiches. (Round your response to two decimal places.) Alexi has a comparative advantage in the production of Cuban sandwiches. Tony 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. Enter your answer in the edit fields and then click Check Answer All parts showing Clear All 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 of 1070 tacos and 340 Cuban sandwiches. Suppose that Alexi and Tony can sell ll 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 will spend 20 hours on the production of street tacos. Alexi will spend 20 hours on the production of Cuban sandwiches. Enter your answer in the edit fields and then click Check Answer. All parts showing Clear Tony will specialize in street taco production and earn $Alexi will specialize in Cuban sandwich production and earn S Their maximum joint revenue is $ per week. Enter your answer in the edit fields and then click Check Answer $__.
Their maximum joint revenue is $__ per week.
(this is my third question regarding this text problem, sorry! i’m not quite grasping the concept yet!).