Two workers, A and B, produce the same product on identical machines. A receives P25.00 per hour and he produces 100 units per hour. B is able to produce 120 units per hour. The machine rate or cost of operation of the machines used by them is P 100 per hour. Determine the cost per piece for worker A. Determine the hourly wage of worker B in order that his cost per piece will equal that of A.

Two workers, A and B, produce the same product on identical machines. A receives P25.00 per hour and he produces 100 units per hour. B is able to produce 120 units per hour. The machine rate or cost of operation of the machines used by them is P 100 per hour. Determine the cost per piece for worker A. Determine the hourly wage of worker B in order that his cost per piece will equal that of A.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter11: Labor Markets

Section: Chapter Questions

Problem 12SQ

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