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REY [17]
3 years ago
14

A report found that the real entry-level wage for college graduates declined by 6 percent between 2003 and 2010.

Business
1 answer:
S_A_V [24]3 years ago
7 0

Answer: The answer is as follows:

Explanation:

Given that,

Real entry-level wage declined by 6% between 2003 and 2010

2010 Nominal Entry-Level Wage = $13.50

2010 CPI = $170.2

2003 CPI = 142.5

(a) Real entry wage in 2010 = \frac{2010\ Nominal\ entry\ level\ wage}{2010\ CPI}

= \frac{13.50}{170.2}

= $7.93

The 2010 Real entry-wage level is $7.93

2010 real wage declined by 6% from 2003

( b) The 2003 real entry-wage level is $8.43

Therefore, real entry-level wage in 2003 =  \frac{7.93}{94%}

= $8.43

(c) 2003 nominal entry-level wage in CPI term = 2003\ real\ entry\ wage \times \frac{2003\ CPI}{100}

= 8.43 \times \frac{142.5}{100}

= $12.01

The 2003 nominal entry-wage is $ 12.01

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JulsSmile [24]

3. The answer is 24 [c]

4 0
3 years ago
profit maximization pricing objective a. is a status quo oriented pricing objective. b. is a sales-oriented pricing objective. c
nika2105 [10]

Answer:

e. does not always lead to high prices.

Explanation:

Profit-maximization pricing means fixing prices so that total revenue is more as compared to total costs. This pricing strategy is used by a monopolist.

It is the short run or long run process by which the price and output level is determined by the firm that can give the maximum profit.

The price per item has been set higher than its total cost of production make to sure that the company makes a profit on each sale. As a result, the company makes a profit on every sale and to reduce risk and uncertainty factors in business operations.

Profit maximization pricing objective <u>does not always lead to high prices</u>.

5 0
3 years ago
Two important trends in the labor force participation rates of adults aged 20 and over in the United States since 1948 are the​
ankoles [38]

Answer: D) rising;falling

Explanation:

Two important trends in the labor force participation rates of adults aged 20 and over in the United States since 1948 are the​ rising labor force participation rate of adult women and the​ falling labor force participation rate of adult men.

3 0
3 years ago
Cushman company, inc. had $812,000 in net sales, $355,250 in gross profit, and $203,000 in operating expenses. cost of goods sol
ch4aika [34]
To solve for the cost of goods sold (COGS):
COGS = Net sales - gross profit
COGS = $812,000 - $355,000
COGS = $457,000

The cost of doors sold is the costs that are used for production of the goods the company sells. It includes materials used for creating the product and labor. 
6 0
3 years ago
In early July, Damon Rutton purchased a $70 ticket to the December 15 game of the Sarasota Shippers. Parking for the game was ex
Bingel [31]

Answer:

Sunk cost will be = $70

Explanation:

Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.

In the given instance, Damon Rutton Purchased the ticket of $70

This is the only cost which has already been incurred, else other costs of parking and food will only be incurred if he visits the game of Sarasota Shippers.

When he spend some time with his wife sunk cost will be = $70

8 0
3 years ago
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