If You Work 42 Hours Per Week, Then Your Weekly $P$

question 77

Multiple Choice

If you work 42 hours per week, then your weekly pay $P$ , in dollars, is proportional to your hourly wage $W$ , in dollars per hour. Express this proportionality relationship as a formula.

• A) \(P \propto W\)
• B) \(P = 42 W\)
• C) \(W = 42 P\)
• D) None of the above.

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Definitions:

Railroads

Transportation systems using trains to move goods and passengers along tracks, playing a key role in economic development by facilitating trade and movement.

Price War

A collapse of prices when tacit collusion breaks down.

Equilibrium Price

The price point where the supply of items meets the demand for the same items exactly.

Marginal Cost

This refers to the cost incurred in the production of one additional unit of goods or services, emphasizing its role in pricing and production decisions.