How many times more productive was a per-hour lawyer

Assignment Help Business Economics

Reference no: EM13156455

In 2010, many unskilled workers in the United States earned the Federal minimum wage of $7.25 per hour. By contrast, average earnings in 2010 were about $18.00 per hour, and certain highly skilled professionals, such as doctors and lawyers, earned $160.00 or more per hour.

If we assume that wage differences are caused solely by differences in productivity, how many times more productive was the average worker than a worker being paid the Federal minimum wage?

Instructions: Round your answer to two decimal places.

Times more productive than a minimum wage worker

How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage?

Instructions: Round your answer to two decimal places.

times more productive than a minimum wage worker

Reference no: EM13156455

Questions Cloud

Draw a graph that shows the variation of quantity of dna : Draw a graph that shows the variation of quantity of DNA in the nucleus of the male germ cell at the time of multiplication and maturation and fertilization and the egg after fertilization.

How many pineapples will she consume : how many pineapples will she consume? If her income increases to $120, how many grapefruits will she consume? Are grapefruits a normal or inferior good?

What is the ph of a solution : For H3PO4, a tripotic acid, Ka1 = 7.1 × 10-3, Ka2 = 6.3 × 10-8, and Ka3 = 4.5 × 10-13. What is the pH of a solution which contains 0.200 mol of K2HPO4 and 0.300 mol of Na3PO4 per liter of solution?

Journal entry recording for the sale of old plotter : Toth chose to upgrade to a premium model in January 2007 and sold the old plotter to dunn drafting for $2,500. Prepare the journal entry recording for this sale of old plotter.

How many times more productive was a per-hour lawyer : Times more productive than a minimum wage worker. How many times more productive was a $160-per-hour lawyer compared to a worker earning minimum wage?

What is the minimal wage that must be offered : What is the minimal wage that must be offered to Yumi for her to sign this new wage contract and what is Yumi's expected revenue when she works hard? What is Yumi's expected revenue when she does not work hard?

How many treatments are there and find total sample size : How many treatments are there? What is the total sample size? Is there a significant difference at the 5% Level of significance?

Explain what vibrational bands would be prominent : what vibrational bands would be prominent in the Ir spectra of 3-aminoacetophenone and 1-(3nitrophenyl) ethanol? at approximately

Quality of the company earnings : Watson Corporation reported net income of $352,000, cash of $67,800, and net cash provided by operating activities of $221,200. What does this suggest about the quality of the company's earnings? What further steps should be taken?

User Account

All Pages