What is the average increase in the cost of living over the past ten years in the US?
23.1% BASED ON http://www.injuredworkersonline.org/Politics/cola.html
The average cost of living in the US in 1912 was approximately 1,200 dollars a year. The cost of living was very different from then to now as the cost of living has greatly increased to over 40,000 a year average cost of living and that is still not enough for some American's to care for their families.
How come my employer increases cost of living percentages every time it is time to figure OUR cost of living increase?
What happen if the average wage went up in a country and then what will happen to the cost of the clothes in uk -the cost will incress in uk or any other country if the average wage want up.?
How would you calulate your increase on social security If you are already receiving it and also working?
No. Employers only have to pay the minimum wage as specified by state or federal law, whichever is higher. Some states will increase the minimum wage based on cost of living increases in their state and employers will have to observe the new required rate, but employers themselves do not otherwise have to provide a "cost of living increase."
Marginal cost = derivative of (Total cost/Quantity) Where Total cost = fixed cost + variable cost Marginal cost = derivative (Variable cost/Quantity) (by definition, fixed costs do not vary with quantity produced) Average cost = Total cost/Quantity The rate of change of average cost is equivalent to its derivative. Thus, AC' = derivative(Total cost/Quantity) => derivative (Variable cost/Quantity) = MC. So, when MC is increasing, AC' is increasing. That is, when marginal cost increases, the…