Exhibit 11-11 Labor wage and cost data
Labor
Wage
TWC
MFC10
$
$ 50.00
$
11
5.80
12
17.80
13
102.70
14
126.00
15
46.50
In Exhibit 11-11, the total wage cost of hiring 12 employees is equal to:
A. $17.80.
B. $63.80.
C. $102.70.
D. $81.60.
Answer: D
You might also like to view...
Decentralized market-based financial systems improve the allocation of saving by:
A. eliminating the need for commercial banks or other financial intermediaries. B. ensuring capital gains exceed dividend payments. C. providing information and risk-sharing services. D. matching net capital inflows to net capital outflows.
Economists believe that scarcity forces everyone to
a. satisfy all their wants b. abandon consumer sovereignty c. limit wants d. create unlimited resources e. make choices
The figure below shows the market for shoes in a small importing country. Dd and Sd are the domestic demand and supply curves of shoes, respectively.The consumption effect of the tariff on shoes is measured by the area
A. b. B. c. C. (a + b + c + d). D. d.
Which legislation was NOT signed into law by Richard Nixon?
A. The Environmental Protection Agency Act (EPA) B. The Social Security Administration Act (SSA) C. The Occupational Health and Safety Act (OSHA) D. The Equal Employment Opportunity Commission Act (EEOC)