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How much profit does Nike make and how much profit does an average worker for Nike make per shoe?
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∙ 14y ago
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∙ 14y ago
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How much profit does nike make per pair of shoe manufactured?
ALot, it costs about $15 to make the shoe everything else is as they say, History
How much money do Chinese farmers make in profit?
570 dollars average
How much does a construction worker make every 2 weeks?
The salary for a construction worker will vary depending on the state and employer. Many construction workers, make an average of $1,400 every two weeks.
Why does the profit maximizing rule still apply when firms decide how many workers to hire?
Firms will continue to hire workers so long as one additional worker is able to make the firm an additional unit of profit. A competitive firm pays a wage that is equal to the marginal product of labour. Example: suppose hiring one more worker results in an increase in output of 1 unit. Now suppose that unit can be sold for $1 and that there are no other variable costs (think software.... nearly costless to produce once it has been created). What is the wage that the worker receives? The firm would be willing to hire the worker and pay them any wage that was less than or equal to $1. This is the same as the profit maximization rule. You would continue to hire workers until the last dollar spent on wages was exactly equal to the last dollar earned in sales (ie. zero profits). This is the exact same idea as profit maximization. If you can make 1 widget and it costs 80 cents and the you sell it for $1, you make 20 cents profit. The next widget you make costs 90 cents and you sell it for $1 to make 10 cents profit. The next widget you can make for 95 cents.... and so on. You will continue to make widgets so long as you are making money. The same goes for labour. You will continue to hire workers so long as the make you money. You will stop hiring additional workers when the marginal product of labour is equal to wages.
How much profit did Tesco make last year?
how much profit did tesco make last year
How much profit does Nike make a year?
Nike has made $12.45 billion dollars this past year. Nike was started as a small shoe company is Eugene, Oregon.
What is average profit?
to make the addition of two years profit which is divided by 2. the result is average profit between two years.
How much money does an average worker make per annum in Canada?
the average worker makes about $0.5 cents
How much profit did Nike make in 2011?
10 billion 600 hundred thousand and 22 pounds to be exact
How much does the average German worker make?
$20
How do extreme retailers make a profit when their prices and average transaction are so low?
how do extreme retailers make a profit when their prices and average transaction are so low
How much profit does nike make per pair of shoe manufactured?
ALot, it costs about $15 to make the shoe everything else is as they say, History
What is the reason Nike was made?
At the time that Nike started there was a high demand for sports wear. Just like most other company's they believed they could make a large profit with their original ideas. And they did.
What is the average wage for auto worker?
The average wage for an auto worker is 34,000. They often get the opportunity to work overtime so they have the potential to make more.
How much money does a industrial worker make?
The average industrial worker makes around US$273,050 p.a.
What does average Chinese worker make?
The average monthly wage for a Chinese worker is around 7,000 yuan (roughly 1,100 USD) according to recent data. However, wages can vary significantly based on factors such as location, industry, and experience.
What does the average worker make at Allen Edmond's shoes?
The average worker at Allen Edmonds Shoes makes about $10 an hour. The price that they make will depend upon what part of the country they are in and the number of years of experience they have.
