Solved

Smith and Jones Comprise a Two-Person Economy Suppose Smith and Jones Begin by Producing 16 Computers and of Production

Question 110

Multiple Choice

Smith and Jones comprise a two-person economy. Their hourly rates of production are shown in the accompanying table.  Calculatars Per Haur  Camputers Per Haur  Brith 10010 Jones 1206\begin{array} { | l | r | r | } \hline & \text { Calculatars Per Haur } & \text { Camputers Per Haur } \\\hline \text { Brith } & 100 & 10 \\\hline \text { Jones } & 120 & 6 \\\hline\end{array}  
Suppose Smith and Jones begin by producing 16 computers and 0 calculators per hour. If they wish to produce 14 computers and 40 calculators per hour efficiently, then Smith should spend ________, and Jones should spend ________.


A) 1 hour making computers; 40 minutes making computers and 20 minutes making calculators
B) 1 hour making computers; 20 minutes making computers and 40 minutes making calculators
C) 30 minutes making each; 30 minutes making each
D) 45 minutes making computers and 15 making calculators; 1 hour making calculators

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents