Workers are compensated by firms with “benefits” in addition to wages and salaries. The most prominent benefit offered by many firms is health insurance. Suppose that in 2000 workers at one steel plant were paid $20 per hour and in addition received health benefits at the rate of $4 per hour. Also suppose that by 2010 workers at that plant were paid $21 per hour but received $9 in health insurance benefits.
a. By what percentage did total compensation (wages plus benefits) change at this plant from 2000 to 2010? What was the approximate average annual percentage change in total compensation?
b. By what percentage did wages change at this plant from 2000 to 2010? What was the approximate average annual percentage change in wages?
c. If workers value a dollar of health benefits as much as they value a dollar of wages, by what total percentage will they feel that their incomes have risen over this time period? What if they only consider wages when calculating their incomes?
d. Is it possible for workers to feel as though their wages are stagnating even if total compensation is rising?
Assume that one year ago, the spot rate of the Euro was $1.30. One year ago, the one-year futures contract of the Euro exhibited a discount of 4%. At that time, you sold ...Jul 03 2021
State true or false Flagella and cilia have similar arrangements of microtubulesJul 16 2021
A project has the following cash flow forecast.Year 1 20,000Year 2 30,000Year 3 45,000Year 4 57,000The cost of this pr...Apr 27 2021
Indicate whether the following groups of words are phrases (P), independent clauses (I), or dependent clauses (D). Capitalization and end punctuation have been omitted.th...Jul 09 2021
1.A mercury barometer used to read the local ambient pressure has a column height of 740 mm. What is the ambient pressure in kPa, assuming that the density of mercury is ...Jun 07 2020
if f(x) is a continuous function on [a,b], then Srce f(x)dx is a number Select one: O True O FalseApr 25 2021
Consider the reaction of ozone and nitrogen monoxide to form nitrogen dioxide and oxygen.Which of the following orientations for the collision between ozone and nitrogen ...Jul 22 2021
Identification” ? None of these models relate to a specific industry. They are all generic models as opposed to being industry customized and tailor maid. ? There ar...Jun 19 2020
Examine briefly each of the purposes of project scheduling. Answer: Project Scheduling take Important role as it contributes towards organizing and finishing the proje...Aug 25 2020
Mixed Partial DerivativesIf f is a function of a and y such that and are continuous, what is the relationship between the mixed partial derivatives?Aug 02 2021