subject
Business, 16.01.2020 05:31 michaelandtammytrice

Caroline currently earns a real 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 orange juice is $2.00 per gallon; in this case, caroline's wage, in terms of the amount of orange juice she can buy with her paycheck, is gallons of orange juice 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 wage with those expectations in mind. if the price level turns out to be higher than expected, a worker's wage is than both the worker and employer expected when they agreed to the wage. caroline and her employer both expected inflation to be 3% between 2012 and 2013, so they agreed, in a two-year contract, that she would earn $12.00 per hour in 2012 and $12.36 per hour in 2013. however, suppose inflation between 2012 and 2013 actually turned out to be 5%, not 3%. for example, suppose the price of orange juice rose from $2.00 per gallon to $2.10 per gallon. this means that between 2012 and 2013, caroline's nominal wage by % , and her real wage by approximately .

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 23:30, probablyacommunist
Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?
Answers: 3
image
Business, 22.06.2019 10:50, slavenkaitlynn
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
image
Business, 22.06.2019 15:30, gracerich
University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times
Answers: 2
image
Business, 22.06.2019 21:10, kmacho9726
Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
Answers: 3
You know the right answer?
Caroline currently earns a real wage of $12.00 per hour; in other words, the amount of her paycheck...

Questions in other subjects:

Konu
Mathematics, 23.03.2020 04:27
Konu
Physics, 23.03.2020 04:27