Solve the Problem. -An Auto Repair Shop Charged a Customer $496 to Repair

question 278

Multiple Choice

Solve the problem.
-An auto repair shop charged a customer $496 to repair a car. The bill listed $96 for parts and the remainder for labor. If the cost of labor is $40 per hour, how many hours of labor did it take to repair the car?

• A)9 hours
• B)11 hours
• C)10.5 hours
• D)10 hours

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Definitions:

Productivity

A measure of the efficiency of production, often calculated as the ratio of output to inputs used in the production process.

Goods and Services

The output produced by economic systems, where goods are physical items and services are intangible activities provided to consumers.

Human Capital

The capabilities, understanding, and expertise that an individual or group holds, considered in relation to their worth or expense to a company or nation.

Physical Capital

Assets used in the production process that are tangible in nature, such as machinery, buildings, and vehicles.