If the Total Wages Paid Change from $200,000 to $250,000

question 125

Multiple Choice

If the total wages paid change from $200,000 to $250,000 when the quantity of labor employed increases from five to seven workers,the marginal wage is

• A)$35,714.
• B)$25,000.
• C)$250,000.
• D)$50,000.

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Definitions:

Control Limits

Statistical boundaries in process control that indicate the acceptable range of variation for a process to be considered in control.

R-chart

A type of control chart used in statistical quality control to monitor the range of variability within a sample.

Control Limits

Predetermined boundaries in statistical process control that indicate the limits of variation acceptable for a process to be considered in control.

Control Limits

Statistical boundaries within a control chart that represent acceptable levels of variation in a process.