A Time Study Showed That, on Average, the Productivity of a Worker

question 68

Multiple Choice

A time study showed that, on average, the productivity of a worker after t hours on the job can be modeled by , , where is the number of units produced per hour. After how many hours will productivity be maximized? Round your answer to two decimal places. ​​

• A) 5.61 hours
• B) 8.00 hours
• C) 6.77 hours
• D) 2.34 hours
• E) 5.41 hours

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Definitions:

Substitutes

Goods or services that can replace each other in use, where an increase in the price of one leads to an increase in demand for the other.

Inferior Good

A type of good for which demand decreases as the income of consumers increases.

Demand Curve

A diagram that shows how the quantity of a product demanded by buyers changes according to its price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at various prices.