Use the Following to Answer Questions: Table: Excellence Publishing -(Table: Excellence Publishing) Refer to the Table

question 256

Multiple Choice

Use the following to answer questions: Table: Excellence Publishing $$\begin{array} { | c | c | } \hline \text { Number of Workers Per Year } & \text { Number of Books Edited Per Year } \\\hline 4 & 16,000 \\\hline 5 & 19,000 \\\hline 6 & 21,200 \\\hline 7 & 22,800 \\\hline 8 & 23,700 \\\hline 9 & 24,200 \\\hline\end{array}$$
-(Table: Excellence Publishing) Refer to the table. Initially each edited book sells for $50. Suppose that there is an increase in the demand for edited books, such that each edited book now sells for $70. How many people will the company hire per year as editing staff if the salary is $47,000 per staff member?

• A) 5
• B) 6
• C) 7
• D) 8

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Definitions:

Private Health Insurance

Health insurance provided by private entities as opposed to government programs, offering coverage for medical expenses to insured individuals.

Economies Of Scale

The cost benefits that corporations acquire from their large operational scale, where the unit cost tends to decrease as the scale of operation grows.

Health Care Costs

The total expenditures for services and products related to the prevention, treatment, and management of illness or the preservation of mental and physical well-being through the services offered by the medical and allied health professions.

Price Of Health Care

The amount charged for medical services and treatments, influenced by factors like location, demand, and the type of care provided.