A Microchip Manufacturer Pays Its Assembly Line Workers $12 $W = 0.3 x + 12.25$

question 104

Multiple Choice

A microchip manufacturer pays its assembly line workers $12.25 per hour.In addition, workers receive a piecework rate of $0.3 per unit produced.Select a linear equation for the hourly wage W in terms of the number of units x produced per hour.

• A) \(W = 0.3 x + 12.25\)
• B) \(W = 0.3 x - 12.25\)
• C) \(W = 12.25 x + 0.3\)
• D) \(W = 12.25 x - 0.3\)
• E) \(W = 12.55 x\)

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Definitions:

Profits

The financial gain made in a transaction or the operation of a business after deducting all expenses.

Pure Monopoly

A market structure where a single seller controls the entire market for a particular good or service, with no close substitutes.

Fair-return Price

A price that allows a company to cover its costs and make a reasonable profit.

Short Run

A period in economics where at least one input is considered fixed in the production process.