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pogonyaev
3 years ago
14

Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to

full professor, with a salary of $50,000. If the price index was 50 in 1974 and 180 in 2003, then what is Iggie's 1974 salary in 2003 dollars?
Business
1 answer:
tiny-mole [99]3 years ago
8 0

Answer:

$36,000

Explanation:

The computation of the lggie's salary is shown below:

= (Iggie salary in 1974) × (2003 price index ÷ 1974 price index)

= ($10,000) × (180 ÷ 50)

= $10,000 × 3.6

= $36,000

Since we have to compute the 2003 salary based on 1974 salary so we consider the 1974 salary and took the 2003 price index as a numerator and 1974 price index as a denominator.

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3 years ago
Table 17-29 Suppose that two firms, Wild Willy's Wonderdrink (Firm W) and Hyper Hank's Hydration (Firm H), comprise the market f
Andrei [34K]

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Especially if one game is only weakly dominant (this means that it also does at least the same thing as any other strategy, but it just can in certain situations match other strategies, not beat them), and the same wages would apply to the player may be applied to more than one dominant strategy per player.

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3 years ago
The number and characteristics of sellers and buyers are known as _____.
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Explanation:

hope it help

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lozanna [386]

Answer:

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