Find the Ratio. Simplify, If Possible

question 206

Multiple Choice

Find the ratio. Simplify, if possible.
-David's paycheck for a week at the video store was $135.43. If he worked 29 hours that week, what was his pay rate?

• A)$4.63/hour
• B)$4.38/hour
• C)$4.84/hour
• D)$4.67/hour

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Definitions:

Marginal Cost

The upswing in total financial outlay required for the production of one more unit of a good or service.

Profit Maximizing Condition

The specific point at which a firm's marginal revenue equals its marginal cost, leading to the highest possible profit.

Vertically Integrated

A business structure in which a company controls multiple stages of production or distribution within the same industry.

Net Marginal Revenue

The additional revenue generated from selling one more unit of a product or service after accounting for the marginal cost of producing that unit.