What is his combined hourly wage

Assignment Help Microeconomics
Reference no: EM13687806

Tom works a 12 day. 6 hours are no incentive and the rate is $20 per hour. He also completes 16 tasks that are incentive based and rate is $15 per hour. How much did Tom make in his 12 hour shift what is his combined hourly wage?

Reference no: EM13687806

Questions Cloud

Labor and materials are needed to operate efficiently : Two variable inputs, labor (L) and materials (M), are utilized to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is t..
Grant from the state to increase its marketing efforts : Consider a self contained city, in which all workers live in the city. The initial equilibrium wage is Wo and the initial equilibrium employment level is No. The city receives a grant from the state to increase its marketing efforts to attract touris..
What must be the new annual instalment : You borrowed $20,000 to finance the education expenses for your senior year of college at the beginning of your senior year. The loan will be paid off over five years and the first instalment will be due a year later. The loan carriers and interest r..
What is the voltage across the capacitor : A 1.05 µF capacitor initially charged to 10.5 V, discharges when it is connected in series with a resistor. What is the voltage across the capacitor at t = 5 second if the capacitor is instead charged by the same battery through the same resistor
What is his combined hourly wage : Tom works a 12 day. 6 hours are no incentive and the rate is $20 per hour. He also completes 16 tasks that are incentive based and rate is $15 per hour. How much did Tom make in his 12 hour shift what is his combined hourly wage?
What is the primary purpose of the black-scholes-merton : What is the primary purpose of the Black-Scholes-Merton
How much food does cesar now consume each week : Cesar earns $60/week while attending UIC and consumes two goods: Beer (B) and Food (F). Beer costs $1/can and Food costs $3/lb. Cesar has the utility function U(B,F) = 2BF (with B in cans, F in lbs). This means his marginal utility from consuming bee..
How long a pipe is needed to make a tuba : How long a pipe is needed to make a tuba whose lowest note is low C (frequency 129.9 Hz)? Assume that a tuba is a long straight pipe open at both ends
Labor and materials are required to operate efficiently : Two variable inputs, labor (L) and materials (M), are utilized to produce output. Company's current level of output: CL = $10 / unit, MPL = 25 CM = $2 / unit, MPM = 4 (!) Decide whether the firm is operating efficiently, given that its objective is t..

Reviews

Write a Review

Microeconomics Questions & Answers

  The marginal cost pricing model computes a mark-up

The marginal cost pricing model computes a mark-up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?

  Draw the consumers budget constraint

Draw the consumers budget constraint

  Determine the market conditions

The production processes are interchangeable, and production can be adjusted depending on market conditions. The demand for both products is highly elastic in terms of price elasticity, and customers perceive the two products as close substitutes f..

  Does creation of part time jobs affect unemployment in same

nationally the monthly survey of american households found 387000 more people at work in february than in january but

  1 you are given the following information about the costs

1. you are given the following information about the costs of a perfectly competitive

  This problem is intended to be more open-ended than

this problem is intended to be more open-ended than previous assignments so you can get a feel for what its like to do

  What is the condition that has to satisfy in order for the

Consider the following supergame: N firms choose prices simultaneously in each period.  The discount factor is   per period.  Suppose firms try to collude at the monopoly price with the threat of practicing price equal to marginal cost for T periods ..

  Microeconomics and macroeconomics explain the differences

your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity about

  Which loan would give you with most upfront money when loan

the following three one-year discount loans are available to youloan a 120000 at a 7 percent discount rateloan b 110000

  Discuss and classify the clinic input costs-fixed inputs

What would the number of paying patients and federally funded seniors be if the federal funding agency raised its rate to $120 per treatment?

  Sketch the indifference curves

Sketch the indifference curves and show where the "corners" are. If the prices or x and y are P_x = 5 and P_y = 1, respectively

  A the food and drug administration classifies tobacco an

a. the food and drug administration classifies tobacco an addictive substance.b. the congress votes to raise the excise

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