Natalia worked in an automobile plant. she lost her job when the plant relocated to another state.
1 answer:
Answer:
$400.65
Explanation:
Natalia's last 26 weekly salaries:
Week Salary
1 715
2 700
3 730
4 730
5 730
6 720
7 700
8 720
9 720
10 720
11 725
12 720
13 725
14 730
15 730
16 735
17 735
18 735
19 740
20 740
21 740
22 740
23 740
24 740
25 740
26 740
The total compensation for the last 26 weeks = $18,940
her average weekly salary = $18,940 / 26 = $728.46
her unemployment compensation = average weekly salary x 55% = $728.46 x 55% = $400.65
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Answer:
a. $700,000
b. 6/7 or 85.7%
c. No they will not.
Explanation:
a. Jacobs will earn the normal salary that the other designers in the other companies are getting in addition to the incremental income he brings to the company as a result of his talents.
Incremental income = Revenue with Jacobs - Revenue without Jacobs
= 1,000,000 - 400,000
= $600,000
Jacobs earnings = Normal designer earnings + incremental income
= 100,000 + 600,000
= $700,000
b. Economic rent is the excess amount that the company is paying Jacobs over what it should normally cost to get a designer.
Normal cost of designer is $100,000. Company is therefore paying an economic rent of $600,000.
Proportion of Jacobs salary that is economic rent =
=
= 6/7 or 85.7%
c. The company hiring Jacobs will not be making an economic profit because for them to make an economic profit they would have to be making more than the $400,000 that the other firms make. They cannot make this amount because for them to do so they would have to reduce the amount they pay Jacobs. If they do so, Jacobs would leave for greener pastures and then they would be making the same $400,000 that the rest are making.