0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How is a fair wage determined?
There is no formula to determine minimum wage. Minimum wage is based on a few things such as inflation, unemployment rate, and cost of living. The main person who determines minimum wage is mainly determined by the sponsor of the wage bill.
What is Money wage rate?
The money wage rate is the number of dollars that an hour of labor earns.
If real wage rate is 10.00 per hour and the price level is 60 what is the money wage rate?
$6.00
What is wage fund theory?
Wage fund theory is proposed and developed by J.S. Mill. In this theory, the wage amount is being determined by the wage fund and the number of employees that are employed.
Paying an above-equilibrium wage rate?
There are some companies that choose to pay above average wage rate. They start their employees cents or dollars above the base wage.
How is a fair wage determined?
There is no formula to determine minimum wage. Minimum wage is based on a few things such as inflation, unemployment rate, and cost of living. The main person who determines minimum wage is mainly determined by the sponsor of the wage bill.
Which method is economically efficient if the hourly wage rate and implicit rental rate of capital are i Wage rate 1 rental rate 100 ii Wage rate 5 rental rate 50 iii Wage rate 50 rental rate?
i think i also no idea about this
What is Money wage rate?
The money wage rate is the number of dollars that an hour of labor earns.
If real wage rate is 10.00 per hour and the price level is 60 what is the money wage rate?
$6.00
What is the minimum wage in Florida?
The minimum wage in Florida is $7.93 as of January 2014. This rate is adjusted regularly based on the rate of inflation.
What is differences between shadow wage rate and market wage rate?
Shadow wage rate is much more mysterious and sexy than Wage Rate. Some would even say more dangerous. Market wage rate is what they pay people who work in the market. One day all the market workers will have their paychecks do situps and become the sexy shadow wage rate. One can only hope. Not sure if my answers are spot on but I'm betting an economist would admit that I am in the same ballpark.
What is wage fund theory?
Wage fund theory is proposed and developed by J.S. Mill. In this theory, the wage amount is being determined by the wage fund and the number of employees that are employed.
Paying an above-equilibrium wage rate?
There are some companies that choose to pay above average wage rate. They start their employees cents or dollars above the base wage.
What are the factors that affect the supply?
There are many factors that affect labor supply. In most cases, this will be determined by the wage rate of the particular industry and the production level expected among other factors.
What are the factors that affect labor supply?
There are many factors that affect labor supply. In most cases, this will be determined by the wage rate of the particular industry and the production level expected among other factors.
What is the pay rate for experieced welder in NJ?
What is the yearly wage of a welder? What is the yearly wage of a welder? What is the yearly wage of a welder?
What is relative wage?
Relative wage is the wage that is comparable for a certain type of job. It will not necessarily tell you wage rate but the range that you should look for that type of job.
