Step 1: Understand the fractions.
Let the total number of acids produced be \( 1 \). The fraction of acid A produced is \( \frac{1}{3} \), and the fraction of acid B produced is \( 1 - \frac{1}{3} = \frac{2}{3} \). Let the time taken to produce one unit of acid A be \( t \). Then, the time taken to produce one unit of acid B is \( \frac{2}{5}t \).
Step 2: Set up the total time.
The total time taken to produce acid A is \( \frac{1}{3} \times t = \frac{t}{3} \), and the total time taken to produce acid B is \( \frac{2}{3} \times \frac{2}{5} t = \frac{4}{15} t \). The total time taken to produce both acids is:
\[
\frac{t}{3} + \frac{4}{15} t = \frac{5}{15} t + \frac{4}{15} t = \frac{9}{15} t = \frac{3}{5} t
\]
Step 3: Find the fraction of total time for acid B.
The fraction of time spent on acid B is:
\[
\frac{\frac{4}{15} t}{\frac{9}{15} t} = \frac{4}{9}
\]
Step 4: Conclusion.
The correct answer is (B) \( \frac{4}{9} \).