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Smith and Jones Comprise a Two-Person Economy

Question 9

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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.    -For any efficient point with at least 10 computers and less than 120 calculators,Smith will __________ and Jones will __________. A)  only produce computers;only produce calculators B)  only produce computers;split his time between computers and calculators C)  split his time between computers and calculators;only produce computers D)  evenly divide his time between the two;evenly divide his time between the two E)  only produce calculators;only produce computers
-For any efficient point with at least 10 computers and less than 120 calculators,Smith will __________ and Jones will __________.


A) only produce computers;only produce calculators
B) only produce computers;split his time between computers and calculators
C) split his time between computers and calculators;only produce computers
D) evenly divide his time between the two;evenly divide his time between the two
E) only produce calculators;only produce computers

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