Answer the following questions using the information below:
For Divaxo Company, labor-hours are 30,000 and wages $130,000 at the high point of the relevant range, and labor-hours are 18,000 and wages $85,000 at the low point of the relevant range.
-What is the slope coefficient?
A) $4.45
B) $3.75
C) $4.33
D) $4.72

Question

Quizplus · Accepted Answer

The slope coefficient is calculated by dividing the change in wages by the change in labor-hours: ($130,000 - $85,000) / (30,000 - 18,000) = $3.75.

Answer the Following Questions Using the Information Below