A Technician Turns in 50 Hours of Work in a 40-Hour

question 30

Multiple Choice

A technician turns in 50 hours of work in a 40-hour workweek. He is being paid $20 per flat rate. How much is he actually making per hour?

• A) $20 per hour
• B) $50 per hour
• C) $25 per hour
• D) none of these answers is correct

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Definitions:

Production Possibilities

The various combinations of goods and services that a society can produce using its available resources and technology.

Innovation

The process of creating, developing, and implementing new products, services, or processes.

Diffusion

in the context of innovation, refers to the process by which a new idea, product, or practice spreads within a population or society.

R&D Spending

Expenditures dedicated to research and development, aimed at innovation and improvement of products or processes.