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Smith and Jones Comprise a Two-Person Economy

Question 76

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


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

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