A Firm Produces Handbags Using Three Workers

question 48

Multiple Choice

A firm produces handbags using three workers. On Tuesday, Jane completed 60 bags in 6 hours, Ron completed 50 bags in 7 hours, and Mary completed 80 bags in 5 hours. What was the overall productivity of the firm?

• A) 7.92 bags/hour
• B) 11.05 bags/hour
• C) 10.00 bags/hour
• D) 10.56 bags/hour
• E) 61.67 bags/hour

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Definitions:

Work-Related Accidents

Accidents that occur in the course of employment, potentially resulting in injury or occupational disease.

Defined-benefit Plan

A type of pension plan in which an employer promises a specified pension payment in retirement that is predetermined by a formula based on the employee's earnings history, tenure of service, and age.

Defined-contribution Plan

Defined-contribution Plan is a retirement savings plan where the amount contributed by the employer or employee is specified, but the future benefit amount is not guaranteed.

Contributory Plan

A pension plan in which contributions are made jointly by employees and employers