Use the Information Below to Answer the Following Questions

question 48

Multiple Choice

Use the information below to answer the following questions.
Computer Expertise Ltd provides three services, the details for which are as follows: The demand for all services is unlimited. The ability to provide each service is limited by the availability of qualified staff and therefore the labour time available.
-Refer to the table above. The demand for the Secretarial service is very strong, however Computer Expertise does not have sufficient labour hours available to meet the demand. An employment agency is able to supply qualified staff to provide the Secretarial service. What is the maximum price Computer Expertise should be prepared to pay per hour for agency staff?

• A) $12
• B) $18
• C) $30
• D) $9

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Definitions:

Iceland

An island country in the North Atlantic, known for its dramatic landscape of volcanoes, geysers, hot springs, and lava fields.

Export Goods

products or services that are produced domestically but sold to buyers in other countries.

Acquire Dollars

The process of obtaining U.S. currency, which can involve exchanging foreign money, earning it, or investing.

Living Standards

A measure of the wealth, comfort, material goods, and necessities available to a person, group, or society.