An Agency Is Having Problems with Personal Phone Calls Made

question 78

Multiple Choice

An agency is having problems with personal phone calls made during working hours. Each minute of a personal call costs the agency $0.50 in wasted wages. The agency decides to hire operators to monitor calls in order to attain the optimal number of personal calls (minimize total cost of personal calls) .

$$\begin{array} { c c } \text { Number of } & \text { Total minutes af } \\\text { Operatars } & \text { personal calls (per hour } \\\hline 0 & 60 0\\1 & 480 \\2 & 410 \\3 & 370 \\4 & 350\end{array}$$
-What is the most the agency would be willing to pay the first operator?

• A) $480
• B) $300
• C) $240
• D) $120
• E) none of the above

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Definitions:

Productive Resources

Factors used in the production of goods and services, which include labor, capital, and natural resources.

Additional Truck

Refers to an extra vehicle that may be required for operational purposes, often to increase capacity or meet growing demand.

Production Possibilities Curve

A visual depiction illustrating the highest possible mix of products or services that can be generated using a set amount of resources and technology within a specified timeframe.

Economy's Capacity

The maximum level of output that an economy can produce without leading to inflation, utilizing its available resources efficiently.