Exhibit 5-1
the Following Questions Are Based on the Below

question 40

Multiple Choice

Exhibit 5-1
The following questions are based on the below cafeteria flowchart and the information provided in the table. Customers start at counter A and move to Counter B. Customers then choose one of two counter Cs and then move on toward Counter D. Customers then choose one of two counter Es and then move on toward Counter E.

$$\begin{array}{c}\begin{array} { c c c } &\text { INFORMATION TABLE }\\\text { Counter(s) } & \text { Activity Time } & \text { Wage per Person per Hour } \\\text { A } & 10 \text { secs. } & \$ 6 \\\text { B } & 30 \text { secs. } & 7 \\\text { C } & 60 \text { secs. } & 7 \\\text { D } & 40 \text { secs. } & 7 \\\text { E } & 30 \text { secs. } & 7 \\\text { F } & 20 \text { secs. } & 8\end{array}\end{array}$$
-Refer to Exhibit 5-1.What is the process time for Counter E?

• A)10 seconds
• B)15 seconds
• C)20 seconds
• D)30 seconds
• E)60 seconds

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Definitions:

Phillips Curve

An economic concept that illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy.

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Aggregate Demand

All-encompassing demand for goods and services in an economy, analyzed at one price level throughout an allotted time frame.

Aggregate Supply

The entirety of goods and services that economic entities intend to market within a particular period in an economic environment.