Business, 10.11.2019 06:31 RealGibbon857
Ginny currently earns a (real or nominal) wage of $12.00 per hour; in other words, the amount of her paycheck each week is $12.00 per hour times the number of hours she works. suppose the price of sparkling water is $2.50 per gallon; in this case, ginny (real or nominal) wage, in terms of the amount of sparkling water she can buy with her paycheck, is gallons of sparkling water per hour. when workers and firms negotiate compensation packages, they have expectations about the price level (and changes in the price level) and agree on a (real or nominal) wage with those expectations in mind. if the price level turns out to be higher than expected, a worker's (real or nominal) wage is than both the worker and employer expected when they agreed to the wage. ginny and her employer both expected inflation to be 4% between 2012 and 2013, so they agreed, in a two-year contract, that she would earn $12.00 per hour in 2012 and $12.48 per hour in 2013. however, suppose inflation between 2012 and 2013 actually turned out to be 7%, not 4%. for example, suppose the price of sparkling water rose from $2.50 per gallon to $2.68 per gallon. this means that between 2012 and 2013, ginny's nominal wage (increased or decreased) by % , and her real wage (increased or decreased) by approximately %.
Answers: 3
Business, 22.06.2019 08:10, rleiphart1
Bakery has bought 250 pounds of muffin dough. they want to make waffles or muffins in half-dozen packs out of it. half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. it take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. how many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answers: 3
Business, 22.06.2019 14:30, karleygirl2870
Your own record of all your transactions. a. check register b. account statement
Answers: 1
Business, 22.06.2019 17:00, vistagallosky
Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.
Answers: 2
Business, 22.06.2019 20:00, payshencec21
Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80
Answers: 1
Ginny currently earns a (real or nominal) wage of $12.00 per hour; in other words, the amount of he...
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