An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per ha

Question

1 year ago

11

mburger. the real wage paid to the worker is:____.

1 answer:

Lelechka [254] · Answer 1 · 2024-01-07T00:48:10+03:00

The real wage paid to the worker is 4 hamburgers per hour.

A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame.
The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.
It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.
Regular and supplemental pay can be divided into two groups.
The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.

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