Andre Works for a Bakery as a Cake Decorator and Receives

question 57

Multiple Choice

Andre works for a bakery as a cake decorator and receives a base annual salary of $30,000 (paid weekly) as well as piece-rate pay of 25% of the retail price for any wedding cake that he decorates. His piece-rate earnings are totaled on a monthly basis and are paid on the first pay date
Of the following month. During the month of June, he decorated eight wedding cakes with a total retail value of $2,650. What is Andre's gross
Pay for the first week in July? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

• A) $1,239.42
• B) $1,526.78
• C) $1,427.53
• D) $1,485.96

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Definitions:

Rule Of Reciprocity

A social norm where individuals feel obliged to return favors or kindness received from others.

Social Exchange Theory

The idea that interpersonal relationships are governed by perceptions of the rewards and costs exchanged in interactions.

Economic Model

A theoretical construct representing economic processes by a set of variables and a set of logical or quantitative relationships between them.

Evolutionary Implications

The potential long-term effects or significances of evolutionary processes on organisms, behaviors, or traits.