help question 7 QUESTION 71 POINTThe following chart shows the number of workers and hourly wage rate required toproduce different quantities of braking systems in an hour.Quantity of Output (Q) 251315Workers (L)|2.08 3.33 4.97 5.75 7.00Wage Rate Per Hour15.46 15.46 15.46||15.46| 15.46Calculate the cost of producing nine braking systems in an hour. Round your answer tothe nearest cent.Provide your answer below:

Answer: Cost=units of workers at 9 output level×Wage rate per hourCost=4.97×15.46Cost=76.84

QUESTION 7 · 1 POINT The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking systems in an hour. Quantity of Output (Q) 2 13 15 Workers (L) 2.08 3.33 4.97 5.75 7.00 Wage Rate Per Hour 15.46 15.46 15.46||15.46|15.46 Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent. Provide your answer below:

QUESTION 7 · 1 POINT The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking systems in an hour. Quantity of Output (Q) 2 13 15 Workers (L) 2.08 3.33 4.97 5.75 7.00 Wage Rate Per Hour 15.46 15.46 15.46||15.46|15.46 Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent. Provide your answer below:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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