The New York Times cost $0.15 in 1970 and $2.00 in 2009. The average wage in manufacturing was $3.23 per hour in 1970 and $20.42 in 2009.
a. By what percentage did the price of a newspaper rise?
b. By what percentage did the wage rise?
c. In each year, how many minutes does a worker have to work to earn enough to buy a newspaper?
d. Did workers’ purchasing power in terms of newspapers rise or fall?
A manufacturer expects an expansion in 3 years . The cost three years from now is expected to be 2,300,000. If the company is using an interest rate of 20% per year compo...May 25 2018
What is the fundamental trade-off that society faces if it chooses to save more? How might the government increase national saving?Jul 22 2021
A tax on a good causes the size of the market to shrink. True or FalseJul 01 2021
Which of the following skills implies the ability to solve problems in ways that will benefit the enterprise?[A]Conceptual [B]Design [C]Human[D]TechnicalJan 14 2018
The Henry's law constant for O2 in water at 25 °C is given in Table 13.2. Which of the following is a reasonable constant when the temperature is 50 °C? Explain the reaso...Jul 24 2021
What does the slope of an indifference curve mean?May 06 2021
What is the molarity of a 25.00 mL solution of iron(III) nitrate that reacts completely (100% yield) with 12.54 mL of 0.1488 M sodium carbonate?Jun 18 2021
Question 8. The second order linear homogeneous differential equation y" + y' - 20y = 0, has a general solution of the form y(t) = Aet + Be-5t Find the values of A and B ...Apr 28 2021
Refirgerant R-134a enter the evaporator coils at the back of the freezer section of A household refrigerator at -20degreeC with a quality of 0.2 and leaves at the same pr...Jun 05 2020
After spending $5,000 consulting fee, we are evaluating a three-year project that will cost $346,500 to install the equipment necessary to start production. We will depre...Apr 13 2021