i need Q29 solution Question 29Analyze the problem in terms of sandwiches for salads. Choose terms of trade that will be beneficial to both. AQuestion 27Andres and David each own a restaurant. The preferred menu item by customers is their sandwich-salad combo. Assume that Andres and David havethe same amount of time each morning to produce sandwiches and salads. If David only makes salads, he can prepare 100; if he only preparessandwiches, he can produce 75. On the other hand, if Andres only produces salads, he can do 35, and if he only prepares sandwiches, he can onlyprepare 7. Based on this information, answer the following questions:a. Who has an absolute advantage in producing salads? Davidb. Who has an absolute advantage in producing sandwiches? Davidc. What is Andres' opportunity cost of producing one salad? This is a numeric answer. 1/5d. What is Andres' opportunity cost of producing one sandwich? This is a numeric answer.e. What is David's opportunity cost of producing one salad? This is a numeric answer.3/4f. What is David's opportunity cost of producing one sandwich? This is a numeric answer.g. Who has a comparative advantage in producing salads? Davidh. Who has a comparative advantage in producing sandwiches? Andres54/3

Terms of trade is the price of one good in terms of the other good, that two countries / individuals…

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Analyze the problem in terms of sandwiches for salads. Choose terms of trade that will be beneficial to both.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

i need Q29 solution

A
Question 27
Andres and David each own a restaurant. The preferred menu item by customers is their sandwich-salad combo. Assume that Andres and David have
the same amount of time each morning to produce sandwiches and salads. If David only makes salads, he can prepare 100; if he only prepares
sandwiches, he can produce 75. On the other hand, if Andres only produces salads, he can do 35, and if he only prepares sandwiches, he can only
prepare 7. Based on this information, answer the following questions:
a. Who has an absolute advantage in producing salads? David
b. Who has an absolute advantage in producing sandwiches? David
c. What is Andres' opportunity cost of producing one salad? This is a numeric answer. 1/5
d. What is Andres' opportunity cost of producing one sandwich? This is a numeric answer.
e. What is David's opportunity cost of producing one salad? This is a numeric answer.
3/4
f. What is David's opportunity cost of producing one sandwich? This is a numeric answer.
g. Who has a comparative advantage in producing salads? David
h. Who has a comparative advantage in producing sandwiches? Andres
5
4/3

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