Smith and Jones Comprise a Two-Person Economy Suppose Smith and Jones Begin by Producing 0 Computers and of Production
Multiple Choice
Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below. Suppose Smith and Jones begin by producing 0 computers and 220 calculators per hour. If they wish to produce 2 computers and 200 calculators per hour efficiently, then Smith should spend ______, and Jones should 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) 12 minutes on computers and 48 minutes on calculators; 1 hour on calculators
Correct Answer:

Verified
Correct Answer:
Verified
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