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Food Truck Production (8 points) The Maroon Truck and Gold Truck sell Fish and Chips combos at university football games. Both trucks have 30 minutes
Food Truck Production (8 points) The Maroon Truck and Gold Truck sell Fish and Chips combos at university football games. Both trucks have 30 minutes to allocate to preparing Fish and Chips. However, they only sell combos - one Fish and one Chips serving per combo. Suppose Maroon Truck and Gold Truck can produce Fish and Chips as shown in this table: Available Time Fish per minute Chips per minute Maroon Truck 30 minutes 10 Fish 5 Chips Gold Truck 30 minutes 4 Fish 8 Chips Maroon Truck can produce 10 Fish per minute and 5 Chips per minute. Gold Truck can produce 4 Fish per minute and 8 Chips per minute. Make sure to type your work. a. (1 point) Which truck has an absolute advantage in producing Fish? Why? b. (1 point) Which truck has an absolute advantage in producing Chips? Why? c. (1 point) Which truck has a comparative advantage in producing Fish? Why? d. (1 point) Which truck has a comparative advantage in producing Chips? Why? e. (1 point) Without being able to trade how many combos can Maroon Truck produce? f. (1 point) Without being able to trade how many combos can Gold Truck produce
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