An Agency Is Having Problems with Personal Phone Calls Made

question 51

Multiple Choice

An agency is having problems with personal phone calls made during working hours.Each minute of a personal call costs the agency $0.50 in wasted wages.The agency hires operators to monitor calls in order to attain the optimal number of personal calls minimize total cost of personal calls) . Based on the above information,what is the most the agency would be willing to pay the first operator?

• A)$480
• B)$300
• C)$240
• D)$120
• E)none of the above

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Definitions:

Comprehensive

Inclusive, covering completely or broadly, often describing an extensive or thorough approach or assessment.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Sensory-Specific Satiety

The reduced satisfaction or interest in a specific taste or type of food after consuming a significant amount of it, leading to a desire for flavor variety.

Mental Accounting

The cognitive process by which people categorize, evaluate, and keep track of financial activities, often leading to irrational financial behaviors.