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

Question 99

Multiple Choice

Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below.  Good  Smith  Jones  Computers 106 Calculators 100120\begin{array}{lccc}\text { Good } &\text { Smith } & \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 __________.


A) 1 hour on computers; 40 minutes on computers and 20 minutes on calculators
B) 1 hour on computers; 20 minutes on computers and 40 minutes on calculators
C) 30 minutes on each; 30 minutes on each
D) 45 minutes on computers and 15 on calculators; 1 hour on calculators

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