Using the High-Low Method, Compute the Variable Element of Repair

question 3

Multiple Choice

Using the high-low method, compute the variable element of repair cost per hour of operation for Universal's equipment:

• A) $750.
• B) $3.33.
• C) $0.30.
• D) $0.34.

---

Definitions:

Conflict Theory

A perspective in sociology that views society as composed of groups that are competing for scarce resources.

Census Family

A unit defined for statistical purposes in a census, often including individuals related by blood, marriage, common-law, or adoption living in the same dwelling.

Economic Family

A group of individuals related by blood, marriage, or adoption who live together and are financially interdependent.

Family of Procreation

The family established through marriage and childbirth, as opposed to the family one is born into.