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andreyandreev [35.5K]
3 years ago
9

You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price index in Chicago is 110.8, a

nd in Dallas it is 91.5. If real wages are the only consideration, then you would _________.
Business
1 answer:
Sergeu [11.5K]3 years ago
6 0

Answer:

you definitely take the job in Dallas because the real wage is higher there.

Explanation:

given data

Chicago paying = $67,000

Dallas paying = $58,000

price index in Chicago = 110.8

price index in Dallas = 91.5

solution

we get here Real wage in Chicago that is

Real wage in Chicago = 67000 × \frac{100}{110.8}  

Real wage in Chicago = $60469

and

Real wage in Dallas is  

Real wage in Dallas = 58000 × \frac{100}{91.5}  

Real wage in Dallas = $63388

so you definitely take the job in Dallas because the real wage is higher there.

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The number of suppliers that enter and leave the market has no effect on the number of goods or services supplied.
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Theodore and James have formed TJ Soft, an entrepreneurial venture to develop games and other kinds of software for consumers. T
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Answer:

a global strategic alliance

Explanation:

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7 0
3 years ago
A small producer of machine tools wants to move to a larger building, and has identified two alternatives. Location A has annual
xenn [34]

Answer:

Location A is superior to up 40 units. From there Location B is better

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Giving the following information:

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Location B:

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Variable costs of $8,000 per unit.

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Location A is superior to up 40 units. From there Location B is better.

6 0
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Answer:

Explanation:

Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer  fro the year, dividend paid during the year etc.

                    Splish Corporation

           Retained Earning Statement

  for the year ended December 31, 2020

                                                                          $

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Less: Cash Dividend paid during 2020       85,000

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Retained Earning ath December 31 2020   <u>2,050,500</u>

5 0
2 years ago
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