Question
In October 2005, a company employs 10000 people and its total monthly wage bill is 15 million dollars. What is the average monthly wage of
In October 2005, a company employs 10000 people and its total monthly wage bill is 15 million dollars.
What is the average monthly wage of the company's employees?
Average monthly wage?
The company is growing at a rate of 12 employees per month.
The total monthly wage bill is increasing at a rate of 230 thousand dollars per month.
At what rate is the average monthly wage changing at this time?
Give your answer correct to the nearest cent per month.
Rate of change?
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Quantitative Analysis For Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
11th Edition
9780132997621, 132149117, 132997622, 978-0132149112
