[Solved] Under a Modified Wage Plan,Jim Phillips Works an Eight-Hour Day

Question 7
Multiple Choice

Under a modified wage plan,Jim Phillips works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units.However,he is guaranteed $12.50 per hour as a minimum wage.His production this week was as follows: img How much was the make-up guarantee paid to Jim this week?

A)$10
B)$5
C)$15
D)$12.50

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