Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below. $\begin{array}{ccc}
\underline{\text { Good }} & \underline{\text { Smith }} & \underline{\text { Jones } }\
\text { Computers } & 10 & 6 \
\text { Calculators } & 100 & 120
\end{array}$
Refer to the table above.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,then Smith will spend __________ and Jones will spend __________.

Question

Quizplus · Accepted Answer

Smith will spend 1 hour on computers and 20 minutes on calculators, while Jones will spend 40 minutes on computers and 20 minutes on calculators.

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