Use the Information Below to Answer the Following Question(s)

question 102

Multiple Choice

Use the information below to answer the following question(s) .At the high point of the relevant range, labour hours at Bradco Restoration were 10,000 and wages were $22,500.At the low point of the relevant range, labour hours were 7,500 and wages were $17,500.
-What is the high-low estimate of the labour costs at Bradco Restoration when 8,000 hours are used?

• A)$21,500
• B)$18,500
• C)$17,750
• D)$17,250
• E)$17,125

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Definitions:

Class

Class is a system of categorizing people based on their economic position or social status, often determined by occupation, income, and education.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity, including societal roles and identity.

Max Weber

A German sociologist, philosopher, and political economist who made significant contributions to the development of sociology and the study of society, economy, and religion.

Social Stratification

The arrangement or classification of something, or people, into different groups or ranks based on factors such as class, race, or income.