A Technician Turns in 50 Hours of Work in a 40-Hour

question 30

Multiple Choice

A technician turns in 50 hours of work in a 40-hour workweek. He is being paid $20 per flat rate. How much is he actually making per hour?

• A) $20 per hour
• B) $50 per hour
• C) $25 per hour
• D) none of these answers is correct

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Definitions:

Penetration Pricing

A pricing strategy where a product is priced lower than the competition to attract customers and gain market share.

Prestige Pricing

A pricing strategy where goods are priced higher to convey a sense of luxury or exclusivity.

Specialty Product Pricing

A pricing strategy applied to products that are unique or considered high-end, often leading to higher prices due to their perceived value or exclusivity.

Parallel Construction

A rhetorical and grammatical technique in which phrases or sentences are structurally similar to make writing or speech more cohesive and balanced.