Use the Following to Answer Questions: Table: Abracadabra Processor Limited

question 124

Essay

Use the following to answer questions: Table: Abracadabra Processor Limited $$\begin{array} { | c | c | } \hline \text { Number of Workers } & \text { Number of Computer Chips Produced } \\\hline 3 & 900 \\\hline 4 & 1,250 \\\hline 5 & 1,550 \\\hline 6 & 1,800 \\\hline 7 & 2,000 \\\hline 8 & 2,150 \\\hline 9 & 2,250 \\\hline\end{array}$$
-(Table: Abracadabra Processors Ltd.) Refer to the table. Each computer chip produced sells for $350. How many people will the company hire to make the computer chips if the salary is $45,000 per worker per year?

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Definitions:

HR Surplus

A situation where the number of employees exceeds the labor requirements of the organization.

Human Capital

The skills, knowledge, and experiences possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Job Specifications

A detailed description of the skills, education, and experience required to perform a job.

Knowledge

The understanding, awareness, or familiarity gained through education or experience, which can be applied in decision-making or problem-solving.