Emily regularly works from 8:00 am to 5:00 pm. Because of an emergency in the workplace, she worked from 8:00 am to 7:00 pm on Christmas day. How much will be her total pay for that day if her daily wage is P400?
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- You are looking for an apartment to rent. You know that searching for apartment to rent on the internet will help you find an apartment with a lower rental. The price you will pay with hours of internet search are given in the table below. If your hourly wage is $10, what is your optimal number of hours spent conducting internet search for apartment to rent?Lucille receives an annual salary of $37,500 based on a 37.5-hour workweek. What are her gross earnings for a two-week pay period in which she works 9 hours of overtime at 1 1/2 times her regular rate of pay? (Assume there are exactly 52 weeks in a year. Round your answer to the nearest cent.) Gross earnings =You earn $50,000 a year in 2019. At the beginning of 2019, you can buy your necessities for $500 per week. Suppose your boss gives you a 3% raise at the start of 2020, but due to inflation a basket of necessities costs $525 per week in 2020. In real terms, what has happened to your salary?
- Mark is currently earning $44,000 a year. He has worked for this firm for 5 years. He is considering a job that will increase his lifetime earnings by $240,000 but that requires a Ph.D. in finance. The job will mean also attending a full-time finance program for four years at an annual cost of $28,500. Mark already completed an MBA, for which he spent $86,000 in tuition and books. Would he take the job and attend the Ph.D. program? Calculate: Insutructions: Use ono decimals. Use commas (30,000, not 30000). Opportunity costs of this decision = $ MC = $ MB = $ Sunk Costs = $Suppose that the government introduces an EITC such that for the first $8,000 in earnings, the government pays 50¢ per dollar on wages earned. For the next $3,000 of earnings, the credit is held constant at $4,000, and after that point, the credit is reduced at a rate of 20¢ per dollar earned. When the credit reaches zero, there is no additional EITC. Furthermore assume a worker who can work up to 4,000 hours per year at an hourly wage of $10 per hour. 1. The benefit of EITC will disappear at how many hours of leisure? (use just numbers) 2. When the EITC disappears how much does the worker get to consume (do not use $ sign)Workers in a company decided to rent a van instead of commuting going to work. The amount of rent is shared equally among the passengers. Let x = the number of passengers y = the rental share of each passenger in pesos y= 2000/x 4. Given that the van rental is P 2,000.00 per day and the gasoline that will be filled in the tank is 42 liters every week except on the third week where they only filled the van with 21 liters of gasoline that costs P 45.00 per liter. How much will each of the 15 passengers (not including the driver) share in a month? (Consider that there are 4 weeks in a month and the passengers will travel 5 days a week).
- What are the advantages and the disadvantages of this salary structuring scheme in the Philippine Government?Jane is a busy woman. She left her former job to start her own consulting company. She assesses that demand for her services would increase if she lowered her hourly price P: demand for her services is about Q = 200 - P (where Q is the number of hours her services are demanded). She has to pay $10 in liability insurance for every hour she works for herself. She also has a part-time job at her former employer’s for $80 an hour, for as much time as she can spare. She is only physically able to work for 70 hours a week (so she could never get an MBA). How many hours a week does she work for herself? How does your answer change if Jane can only work 50 hours a week?Suppose a worker is offered a wage of AED10 per hour, plus a fixed payment of AED20. What is the equation for the worker’s opportunity set in a given 24-hour day? What are the maximum total earnings the worker can earn in a day? The minimum?
- A married couple together earns 110,000 a year. The wife earns 16,000 less than twice what her husband earns. What does the husband earn.Q)General Electric paid its workers $5 a day in 1914. If the consumer price index was 10 in 1914 and 230 in 2021, how much is the GE paycheck worth in 2021 dollars?Suppose Georgette earns $13 an hour installing transistorized digital chips in electronic calculators. If you were unemployed, would you offer to work for $8 an hour to get the job? Why might a profit-maximizing employer turn down your generous offer?
