Smith and Jones Comprise a Two-Person Economy

Multiple Choice

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 16 computers and 0 calculators in one hour.If they wish to produce 14 computers and 40 calculators in one 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
E) 1 hour on computers;50 minutes on computers and 10 minutes on calculators