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Smith and Jones Comprise a Two-Person Economy

Question 6

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Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below.
Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below.    -Suppose Smith and Jones begin at the point of producing 0 computers and 220 calculators in one hour.If they wish to produce 2 computers and 200 calculators in one hour,then Smith will spend __________ and Jones will spend __________. A)  30 minutes on each;30 minutes on each. B)  48 minutes on computers and 12 minutes on calculators;1 hour on calculators. C)  1 hour on calculators;10 minutes on computers and 50 minutes on calculators. D)  6 minutes on computers and 54 minutes on calculators;10 minutes on computers and 50 minutes on calculators. E)  12 minutes on computers and 48 minutes on calculators;1 hour on calculators.
-Suppose Smith and Jones begin at the point of producing 0 computers and 220 calculators in one hour.If they wish to produce 2 computers and 200 calculators in one hour,then Smith will spend __________ and Jones will spend __________.


A) 30 minutes on each;30 minutes on each.
B) 48 minutes on computers and 12 minutes on calculators;1 hour on calculators.
C) 1 hour on calculators;10 minutes on computers and 50 minutes on calculators.
D) 6 minutes on computers and 54 minutes on calculators;10 minutes on computers and 50 minutes on calculators.
E) 12 minutes on computers and 48 minutes on calculators;1 hour on calculators.

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