Find the weighted average wage paid by the firm

Assignment Help Business Economics
Reference no: EM13837891

A firm pays a wage of $40 per hour to 25 unskilled workers, $60 to semi-skilled workers, and $80 to 10 skilled workers. Find the weighted average wage paid by the firm.

Reference no: EM13837891

Questions Cloud

How we calculate the phenotype and genotype : what are intergenic interactions? please explain with example of cross breeding. and how we calculate the phenotype and genotype. explain epistasis, duplicate genes, supplementary genes with examples of cross breeding.
Price effect associated with an increase in output exceeds : Assume a monopolist sells its product or service for the same price to all buyers. Also assume that the monopolist lowers its price to increase unit sales (i.e. output). We know that if the price effect associated with an increase in output exceeds t..
Identifying areas of controversy and gaps in literature : Identifying areas of controversy and gaps in literature and formulating questions that need further research. You should aim to focus on at least 15 scholarly sources of literature and ensure your review is written in a clear and scholarly manner.
What is the slope of budget line from trading : Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbour, Friday, is a fisherman, and is willing to trade 2 fish for every coconut that you are willing to give him. Another neighbor, Kwame, is also a fisherman, and he i..
Find the weighted average wage paid by the firm : A firm pays a wage of $40 per hour to 25 unskilled workers, $60 to semi-skilled workers, and $80 to 10 skilled workers. Find the weighted average wage paid by the firm.
An analysis of how leaders instill self awareness in others : An analysis of how leaders instill self-awareness in others and support them as they become increasingly self-aware. What strategies do leaders employ? Why? An analysis of the strategies leaders use for giving feedback. What psychological issues shou..
Explain the journey to differentiation : Briefly explain what it means to differentiate content in a lesson by complexity, resources, and environment. Discuss some of the small ways you could slowly start to differentiate content in lessons. How do you think this will make a difference ..
Important historical perspectives of your subject life : Researcher's Biography/Background- Under this heading you will provide the important historical perspectives of your subject's life and work and how these influenced his/her work in this field. Information on the subject's personal and professiona..
What happens to t as real wage increases : Consider an economy where, consumer’s utility function is given as U(C,L)=C-(1/2)L2 . where C is consumption and L is labor. The production technology is Y=(1.6)L-(1/2)L2 . The turnover cost per labor is (0.36)/(w/p). What happens to t as real wage i..

Reviews

Write a Review

Business Economics Questions & Answers

  Considered money-real estate-clothes-gold-credit cards

What is money and are the following items considered money: real estate, clothes, gold, credit cards and stocks. Explain why or why not in each case?

  Firms can have-accounting losses and economic losses

Firms can have: Accounting losses and economic losses

  3analyse the two following situations for forms in

3.analyse the two following situations for forms in competitive markets a suppose tha tc 100 15q where tc is total cost

  Illustrate what is strategic portfolio management

Illustrate what is strategic portfolio management. What is the relationship between strategic portfolio management and project management.

  Explain how the averege costs of a firm may vary

Elucidate, using diagrams where appropriate, explain how the averege costs of a firm may vary short period and long period.

  Qclarify the two different sources of earnings differences

q.clarify the two different sources of earnings differences in the labor market. then separately for differences by

  Evolution of work on the laissez-faire

Trace the evolution of work on the laissez-faire doctrine through two arcs. First those theorists who are trying to prove that the system is stable

  Competitive free marketplaces maximize the utility

Competitive free marketplaces maximize the utility of those who participate in them; they also maximize society's total utility.

  Q1 from 1947 to 1997 the cpi in us raised to 637 therefore

q1. from 1947 to 1997 the cpi in us raised to 637 therefore inflation rose 637. use this fact to adjust each of the

  The private and social marginal cost of producing squibs

The private and social marginal cost (MC) of producing squibs is MC = 2.5 + 0.0375Q, where Q is quantity of squibs in thousands of cases per month, and MC is measured in dollars per case. The market is competitive and firms would supply at marginal c..

  Least squares method for estimating industry demand

Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.

  Relationship between real gdp and potential gdp

What assumptions do we make in the long run regarding the velocity of circulation and the relationship between real GDP and potential GDP? (MV=PY)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd