Smith and Jones Comprise a Two-Person Economy If Smith and Jones Are Dividing Their Time Efficiently and of Production
Smith and Jones comprise a two-person economy. Their hourly rates of production are shown in the accompanying table.
If Smith and Jones are dividing their time efficiently and producing more than 10 computers and fewer than 120 calculators per hour, then Smith will ________ and Jones will ________.
A) produce only computers; produce only calculators
B) produce only computers; split his time between computers and calculators
C) split his time between computers and calculators; produce only computers
D) produce only calculators; produce only computers
Correct Answer:
Verified
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