Use the Information Below to Answer the Following Questions

question 23

Multiple Choice

Use the information below to answer the following questions.
Fact 10.2.1
Consider the following three methods of preparing your tax return. Method A uses a personal computer (cost equal to $1,000) and 1 hour of your time. Method B uses a calculator (cost equal to $30) and 12 hours of your time. Method C uses pen and paper (cost equal to $1) and 2 days (16 hours) of your time.
-Consider Fact 10.2.1. Choose the best statement.

• A)When your wage rate is $5 per hour, the economically efficient method is method C.
• B)When your wage rate is $50 per hour, the economically efficient method is method B.
• C)When your wage rate is $500 per hour, the economically efficient method is method A.
• D)all of the above
• E)B and C only

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Definitions:

Static Double

This could describe a static variable of the type double in a programming context. A static variable retains its value between method calls and is often used for values that are constant or method-independent.

Accompanying Figure

An illustrative image or diagram provided to complement or clarify textual information, often found in books or academic papers.

Tester Program

A program designed to test the functionality of other software components or modules, often for errors or bugs.

Tests

Procedures for evaluating the functionality, reliability, or performance of a system or component.