Consternation corporation has an agreement with its workers to index completely the wage of its employees using the cpi. consternation corporation currently pays its production line workers $7.50 an hour and is scheduled to index their wages today. if the cpi is currently 130 and was 125 a year ago, the firm should increase the hourly wages of its workers by
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Ответ:
increase in wage is $0.30
Explanation:
Given data:
worker pay $7.50/hr
consumer price index CPI - 130
increase in wages can be obtained by following relation
increase in wage
Putting all value to get desired value
increase in wage
increase in wage is $0.30
Ответ: