Question 40 Not yet answered Marked out of 1.00 F Flag question A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise the second year of the contract and by another 2 percent in the third year. The CPI is 1.00 in the first year, 1.09 in the second year, and 1.15 in the third year. What dollar wage must be paid in the third year? a. $17.24 b. $15.00 c. $17.95 \begin{tabular}{|l|} \hline Question 41 \\ Not yet \\ answered \\ Marked out of \\ 1.00 \\ P Flag \\ question \end{tabular} If both the lender and borrower agree on an 8 percent interest rate, both expect a 4 percent inflation rate, and inflation turns out to be 4 percent, then by the inflation. Betty and Wilma are the only two cashiers employed at a retail store. Each of them works the same 40 hours per week. By manually entering the price of each product purchased into the cash register, Betty can check out 20 customers and Wilma can check out 30 customers per hour. The store owner replaces the old cash registers with new ones that automatically scan product prices into the register. With the new cash registers, Betty and Wilma can each check out 60 customers per hour. Their average labor productivity as a team before the new cash registers were introduced was customers per hour and customers per hour after the new machines were installed. a. 50;60 b. 1,000;2,400 c. 25;60 d. 50;120