At the End of 2014, Diatomic Company Implemented a New

question 3

Multiple Choice

At the end of 2014, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2015, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: By how much did profit change as a result of profitability changes in labor?

• A) $5,625 increase
• B) $45,000 increase
• C) $23,625 increase
• D) $23,625 decrease

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Definitions:

Pair of Equations

Two mathematical equations set up in relation to each other, often used to find the values of two unknown variables by solving them simultaneously.

Graphically

In a manner that uses diagrams, charts, maps, or other visual representations to explain or illustrate.

Set of Equations

A group of equations that are solved together, where each equation may have multiple variables.

Graphically

Representing data or information using visual elements such as charts, graphs, or diagrams.