Students deliver catalogues and leaflets to houses. One day, they have to deliver 384 catalogues and 1890 leaflets.
Each student can deliver either 16 catalogues or 90 leaflets in 1 hour.
Each student can only work for 8 hours.
All students hired are paid £51.30 per day, even if they don't work a full day.
If the minimum number of students are hired, how much will the wage bill be?

i believe the correct answer is b.

correct choice is b

step-by-step explanation:

when you calculate the average rate of change of a function, you are finding the slope of the secant line between the two points. for the function the average rate of change from point to point can be calculated as

to find the average rate of change from day 2 to day 10, note that at day 2, 8 houses were sold, so a(2,8) and at day 10, 2 houses were sold, so b(10,2). thus,

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%