Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below.

-For any efficient point with less than 10 computers and more than 120 calculators,Smith will __________ and Jones will __________.
A) split his time between the two;only produce calculators
B) split his time between the two;split his time between the two
C) only produce calculators;only produce computers
D) only produce computers;only produce calculators
E) evenly divide his time between the two;evenly divide his time between the two

Question

Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below.
 
-For any efficient point with less than 10 computers and more than 120 calculators,Smith will __________ and Jones will __________.
A) split his time between the two;only produce calculators 
B) split his time between the two;split his time between the two 
C) only produce calculators;only produce computers 
D) only produce computers;only produce calculators 
E) evenly divide his time between the two;evenly divide his time between the two

Quizplus · Accepted Answer

Smith will split his time between the two because he needs to manage both products, while Jones will only produce calculators as the condition specifies more than 120 calculators.

Smith and Jones Comprise a Two-Person Economy