Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below. $\begin{array}{lccc}
\text { Good } &\text { Smith } & \text { Jones } \
\text { Computers } & 10 & 6 \
\text { Calculators } & 100 & 120
\end{array}$ Refer to the table above. If Smith and Jones are dividing their time efficiently and producing more than 10 computers and fewer than 120 calculators per hour, Smith will __________ and Jones will __________.

Question

Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below. $\begin{array}{lccc}
\text { Good } &\text { Smith } &  \text { Jones } \
\text { Computers } & 10 & 6 \
\text { Calculators } & 100 & 120
\end{array}$ Refer to the table above. If Smith and Jones are dividing their time efficiently and producing more than 10 computers and fewer than 120 calculators per hour, Smith will __________ and Jones will __________.

Quizplus · Accepted Answer

Smith should focus on producing computers as he has a higher production rate for computers, while Jones should split his time because he can produce calculators more efficiently but also needs to contribute to computer production to meet the demand.

Smith and Jones Comprise a Two-Person Economy Refer to the Table Above