The type of pay which is modeled in the image attached below is: D) piece rate.
What is the pay?
Pay can be defined as an amount of money that is paid by an employer of labor to his or her employees (workers) for a service rendered over a specific period of time.
The types of pay.
In Mathematics, there are four 5) different types of pay and these include:
- Hourly pay
- Salary
- Commission
- Bonuses
- Piece rate
A piece rate is a paying system in which the employees (workers) are paid for each unit of work completed, an item produced or action performed rather than on the basis of time spent such as:
- Plucking tea
- The number of tee-shirts produced.
- Pruning fruit trees
- Sorting second-hand clothes (garments)
Generally, the graph of a piece-rate model is typically characterized by a straight line sloping upwards as depicted in the image attached below.
Read more on piece rate here:
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