Use the Following to Answer Questions: Table: Sunshine Flower Vase

question 226

Multiple Choice

Use the following to answer questions: Table: Sunshine Flower Vase Co. $$\begin{array} { | c | c | } \hline \begin{array} { c } \text { Number of Workers } \\\text { Daily }\end{array} & \text { Total Revenue (\$) } \\\hline 3 & 1,350 \\\hline 4 & 1,580 \\\hline 5 & 1,760 \\\hline 6 & 1,885 \\\hline 7 & 1,965 \\\hline 8 & 2,015 \\\hline\end{array}$$
-(Table: Sunshine Flower Vase Co.) Refer to the table. If the market wage for each worker is $100 per day, how many workers will the company hire?

• A) 4
• B) 5
• C) 6
• D) 7

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Definitions:

Unemployment

The situation where individuals who are able and willing to work are unable to find a job, expressed as a percentage of the labor force.

Real Rate of Interest

The rate of interest an investor expects to receive after allowing for inflation, distinguishing from the nominal rate of interest, which does not account for inflation.

Deflation

A decrease in the general price level of goods and services in an economy over a period.

CPI

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.