Answer the following questions using the information below:
For Alice Company, labor-hours are 25,000 and wages $94,000 at the high point of the relevant range, and labor-hours are 15,000 and wages $70,000 at the low point of the relevant range.
-What is the constant?
A)$34,000
B)$24,000
C)$10,000
D)$83,500

Question

Quizplus · Accepted Answer

The constant is the difference between the total wages at the high point and the low point of the relevant range. In this case, the constant is $94,000 - $70,000 = $24,000.

Answer the Following Questions Using the Information Below