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Factory workers at a company are paid a wage of $15 per hour. In addition, the...

Factory workers at a company are paid a wage of $15 per hour. In addition, the company pays benefits (vacation leave, sick leave, health insurance, etc.) equal to 75% of a worker’s base wage for a 40-hour week. Workers are paid 1.5 times the hourly rate for any overtime hours worked in excess of 40 hours during a week, but no additional benefits are paid for overtime work.

a) How much wages will a worker receive for working 40, 42, 44, 46, 48, and 50 hours during a week? What would be the worker’s average hourly pay? Show both in table and in graph form.

b) What would be the company’s cost for a worker who works 40, 42, 44, 46, 48, and 50 hours during the week? What would be the company’s average hourly cost? Show both in table and graph form.

c) What can you say about the worker’s average hourly pay compared to the company’s average hourly cost? What are the implications?

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ekkarill92 answered 1 year ago
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