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Calculate yearly wage into hourly wage
Divide yearly wage by 2080 hours (that's 40 hours a week for 52 weeks)
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How do you calculate reservation wage
The reservation wage is the slope of the indifference curve tangent to the endowment point.
MRS = w = MUL/MUC
It can also be found by (non-labor income)/(total hours)
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How do you calculate lost energy
It is impossible to 'lose' energy. It is simply transformed from one form to another. Maybe you could explain the question better? I had a question where I had to calculate the 'lost energy':A 90%...
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How do you calculate lost volts
There's a couple ways.
You could count the number of semiconductor junctions, resistances and other voltage attenuators, do all your Ohm's Law and drop calculations to come up with a reasonably...
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If you have no insurance and someone hits you can you get lost wages
If you are injured to the point that you cannot work, you may get awarded lost wages. However, you might spend the lost wages award to pay for the ticket you'll get for driving without insurance.