Calculate the Mid-Range Needed or the Expectations Per Worked Hour

question 43

Multiple Choice

Calculate the mid-range needed or the expectations per worked hour for the below data:

• A) Prepping 400 images; Scanning 1,800 images; Quality Control 1,850 images; Indexing 720 images
• B) Prepping 420 images; Scanning 1,800 images; Quality Control 1,850 images; Indexing 760 images
• C) Prepping 420 images; Scanning 1,600 images; Quality Control 2,850 images; Indexing 760 images
• D) Prepping 400 images; Scanning 1,600 images; Quality Control 1,950 images; Indexing 860 images

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Definitions:

Inelastic

Inelastic refers to a situation in economic terms where the demand or supply for a good or service is relatively unresponsive to changes in price, meaning the quantity demanded or supplied changes by a smaller percentage than the price change.

Perfect Competition

A market structure characterized by an infinite number of buyers and sellers, homogeneous products, perfect information, and no barriers to entry or exit.

Resources Allocation

The process of assigning available resources among various uses in an economy or organization to maximize the efficiency of those resources.

Firms Efficiency

The degree to which a company utilizes its resources effectively to produce goods and services and maximize profit.