Alec and Ellie are the only detectives in the town of Broadchurch. Assume efficient production. Each has 73 hours a week to allocate between conducting interviews and completing paperwork. They work independently and do not trade any jobs. Right now they each spend half their time completing paperwork and half their time conducting interviews. Alec takes 31 hours to complete one interview or 3 hours to complete one file of paperwork. Ellie takes 13 hours to complete one interview or 19 hours to complete one file of paperwork. A trade is proposed between Alec and Ellie at the following price: 1 interview for 2.3 files of paperwork. If they trade at this price, they will fully specialize. At this price, what is the total number of interviews conducted in Broadchurch in a week? Enter a number only.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter20: The Problem Of Adverse Selection Moral Hazard
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Alec and Ellie are the only detectives in the town of Broadchurch. Assume efficient production. Each has 73 hours a week to allocate between conducting interviews and completing paperwork. They work independently and do not trade any jobs. Right now they each spend half their time completing paperwork and half their time conducting interviews.

Alec takes 31 hours to complete one interview or 3 hours to complete one file of paperwork.

Ellie takes 13 hours to complete one interview or 19 hours to complete one file of paperwork.

A trade is proposed between Alec and Ellie at the following price: 1 interview for 2.3 files of paperwork. If they trade at this price, they will fully specialize.

At this price, what is the total number of interviews conducted in Broadchurch in a week? Enter a number only.

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