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 Workers (L) 9 13 15 2.89 4.00 4.70 6.43 7.27 Wage Rate Per Hour 15.28 15.28 15.28 15.28 15.28 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
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Chapter1: Making Economics Decisions
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The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking
systems in an hour.
15
9
13 15
2.89 4.00 4.70 6.43 7.27
Quantity of Output (Q) 2
Workers (L)
Wage Rate Per Hour 15.28 15.28 15.28 15.28 15.28
Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent.
Provide your answer below:
Transcribed Image Text:The following chart shows the number of workers and hourly wage rate required to produce different quantities of braking systems in an hour. 15 9 13 15 2.89 4.00 4.70 6.43 7.27 Quantity of Output (Q) 2 Workers (L) Wage Rate Per Hour 15.28 15.28 15.28 15.28 15.28 Calculate the cost of producing nine braking systems in an hour. Round your answer to the nearest cent. Provide your answer below:
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