Smith and Jones Comprise a Two-Person Economy Refer to the Table Above

question 87

Multiple Choice

Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below. $\begin{array}{ccc}\underline{\text { Good }}&\underline{\text { Smith }} & \underline{\text { Jones }} \\\text { Computers } & 10 & 6 \\\text { Calculators } & 100 & 120\end{array}$
Refer to the table above.By coordinating their production decisions,the maximum number of computers Smith and Jones can produce in an hour is:

• A)120.
• B)6.
• C)16.
• D)10.

---

Definitions:

Mean Rate

This reflects the average rate over a specified time period, often used in financial contexts to denote average return or interest rate.

Annual Dividend

This is the total amount of dividends a company pays out to its shareholders over a fiscal year, usually expressed on a per share basis.

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or investment returns around their mean.