The following sequence shows four operations for a computer chip assembly process and the effective capacity of each.

Step $1$: $500$ chips$/$hour

Step $2$: $250$ chips$/$hour

Step $3$: $200$ chips$/$hour

Step $4$: $550$ chips$/$hour

Suppose the utilization is $70$ percent of effective capacity. What is the actual output of the process?

Multiple Choice

$140$ chips$/$hour

$350$ chips$/$hour

$175$ chips$/$hour

$200$ chips$/$hour