In monopolistic competition there is an under-allocation of resources at the profit-maximizing level of output, which means that rev: 05_15_2018 Multiple Choice ATC is not equal to MC. price is greater than minimum ATC. price is greater than MC. price is greater than MR.

Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?