A Time Study Showed That, on Average, the Productivity of a Worker

question 92

Multiple Choice

A time study showed that, on average, the productivity of a worker after t hours on the job can be modeled by , , where is the number of units produced per hour. After how many hours will productivity be maximized? Round your answer to two decimal places. ​​

• A)5.61 hours
• B)8.00 hours
• C)6.77 hours
• D)2.34 hours
• E)5.41 hours

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Definitions:

Tax

Mandatory financial charges imposed by a government on individuals and organizations to fund public expenditures.

Market Price

The current price at which a good or service can be bought or sold, determined by the balance of supply and demand in the market.

Consumer Surplus

The differential in the total price consumers are interested and capable of paying for a product or service and the actual price paid.

Producer Surplus

The gap between the price sellers are ready to accept for a good and the actual price obtained.