A Company Produces 400 Bicycles Every Day

question 27

Multiple Choice

A company produces 400 bicycles every day.Each bicycle is worth $250.The inputs used to make those bicycles are labor,materials,and machine costs.The company pays their employees a total of $10,000 per day,the materials to make those bicycles cost $50 per bike,and the cost to operate the machines is $3000 per day.Based only on the data provided,what is this company's total productivity for one day?

• A)​3.03
• B)​0.33
• C)​0.77
• D)​1.31

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Definitions:

Merchant

An individual or business involved in the wholesale purchase or retail sale of goods for profit.

Non-necessary Item

Refers to goods or services that are not essential for survival or basic living and are often categorized as luxury or discretionary purchases.

Minor

A person under the age of legal adulthood, which varies by jurisdiction but is commonly 18 years old.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.