Susan's paycheck each week is $10 per hour times the number of hours she works. Susan thus currently earns a wage of $10 per hour. Suppose the price of orange juice is $2.50 per gallon. The amount of orange juice she can buy with her paycheck is of orange juice, which represents her wage. 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. Suppose that Susan and her employer both expected inflation to be 4% between 2010 and 2011. They signed a two-year contract stipulating that Susan would earn $10 per hour in 2010 and $10.40 per hour in 2011. However, actual inflation between 2010 and 2011 turned out to be 5% rather than the expected 4%. For example, suppose the price of orange juice rose from $2.50 per gallon to $2.63 per gallon. This means that between 2010 and 2011, Susan's nominal wage by , and her real wage by approximately .
Answers: 3
Business, 21.06.2019 20:40
Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e.g. 12.25.)
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Business, 22.06.2019 03:30
Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.
Answers: 3
Business, 22.06.2019 08:50
Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.
Answers: 2
Business, 22.06.2019 11:00
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
Susan's paycheck each week is $10 per hour times the number of hours she works. Susan thus currently...
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