Smith and Jones Comprise a Two-Person Economy

question 76

Multiple Choice

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

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Definitions:

Cognitive Therapy

A form of psychotherapy that emphasizes the importance of modifying dysfunctional thoughts and beliefs to improve emotional and behavioral outcomes.

Test Beliefs

Ideas or assumptions that are evaluated or verified through the process of testing or experimentation.

Assumptions

Accepted beliefs or statements taken for granted without proof.

Cognitive Therapy

A type of therapy focused on changing negative patterns of thought to alter unwanted behavior patterns and treat psychological disorders.