Information About Hinze Corporation Is as Follows -Refer to the Figure

question 134

Multiple Choice

Information about Hinze Corporation is as follows:
$$\begin{array} { l r r } &20 \times 1&20 \times 2\\\text { Output (urits) } & 40,000 & 42,000 \\\text { Selling price per unit } & \$ 25 & \$ 25 \\\text { Input quantites: } & & \\\text { Materials (kg) } & 2,000 & 2,000 \\\text { Labour (hours) } & 1,600 & 1,625 \\\text { Input prices: } & & \\\text { Materials (per kg) } & \$ 5.00 & \$ 5.50 \\\text { Labour (per hour) } & 500 & \$ 7.50\end{array}$$
-Refer to the figure.What is the materials productivity ratio for 20X1?

• A)28
• B)25
• C)20
• D)16

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Definitions:

Economic Activity

All actions that involve the production, distribution, and consumption of goods and services in an economy.

Tax Burden

The total amount of taxes that individuals or businesses must pay to the government.

Inelastic Demand

A market condition where the demand for a product does not change significantly with a change in its price.

Elastic Supply

A scenario in which the amount of a product available for sale markedly changes in response to its price adjustments.