0
What else can I help you with?
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 shadow wage?
Shadow wage is the opportunity cost of labour, used in cost benefit analysis.
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
How can one calculate the real wage rate?
To calculate the real wage rate, you need to divide the nominal wage rate by the price level index. This will give you the purchasing power of your wages after accounting for inflation.
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.
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 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?
How do you work out the 'range' of wage rates?
To calculate the range of wage rates, subtract the lowest wage rate from the highest wage rate in your dataset. The formula is: Range = Highest Wage - Lowest Wage. This provides a simple measure of wage variability, showing the difference between the highest and lowest pay within the group. It helps in understanding the extent of wage dispersion in a given context.
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.
What is an easy way to convert an hourly wage into approximate full time annual wage?
Multiply the hourly wage rate by 2,000
