Solved

Smith and Jones Comprise a Two-Person Economy Suppose Smith and Jones Begin by Producing 0 Computers and of Production

Question 69

Multiple Choice

Smith and Jones comprise a two-person economy. Their hourly rates of production are shown below.  Calculators  Per Hour  Computers  Per Hour  Smith 10010 Jones 1206\begin{array} { | l | c | c | } \hline & \begin{array} { c } \text { Calculators } \\\text { Per Hour }\end{array} & \begin{array} { c } \text { Computers } \\\text { Per Hour }\end{array} \\\hline \text { Smith } & 100 & 10 \\\hline \text { Jones } & 120 & 6 \\\hline\end{array} 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions