A Worker's Total Earnings for One Day Is $100

question 183

Multiple Choice

A worker's total earnings for one day is $100.He received a $20 fixed payment and consumes 14 hours of leisure.What is the hourly wage rate?

• A) $10
• B) $6
• C) $4
• D) $8

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Definitions:

Crossover Point

A point in finance where two or more rates or options meet and either the advantages or disadvantages of one equals the other.

Mutually Exclusive

Refers to a situation where the occurrence of one event precludes the occurrence of another event in a scenario.

Independent Project

In project management, a project that does not depend on the acceptance or completion of other projects.

Mutually Exclusive Projects

Investment opportunities such that if one is chosen, the others must be rejected.