Maria Operates a Persimmon Orchard in Southeastern Ontario

question 3

Multiple Choice

Maria operates a persimmon orchard in southeastern Ontario.She pays her workers $248 per week to pick and process persimmons,and she sells her persimmons for $6 per kilogram.If she adds one more worker and that worker can pick and process 44 kilograms per week,what will be the profit for Maria from hiring that worker?

• A) $0
• B) $16
• C) $264
• D) $544

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Definitions:

Ordinary Annuity

Regular payments of the same amount made at fixed intervals, where interest is added to the total at the end of each period.

Periodic Payment

Payments that are made regularly at set intervals, such as monthly or annually, often seen in loans and annuities.

Ordinary Annuity

A pattern of comparable payouts at the conclusion of adjacent periods within a set term.

Periodic Payment

Regular payments made over a prescribed time frame, often related to loans or annuities.