The plan would have rationed the right of firms to raise their effective prices (calculated as the sum of wages and the price of goods or services), and it would have allowed firms to trade those rights.
National income thus calculated represents the aggregate income of the owners of the factors of production; it is the sum of wages, salaries, profits, interest, dividends, rent, and so on.
Real hourly wages are calculated as the sum of wages earned in the reference month from primary jobs, adjusted for average number of work days per month and average hours per day.
A new arc-and-route-based mathematical model is constructed to formulate the problem in which the sum of drivers' wage, fuel cost, and handling cost is minimized.
For it turns out that there are a number of industries inflicting environmental damage that's worth more than the sum of the wages they pay and the profits they earn — which means, in effect, that they destroy value rather than create it.
Apart from labor market institutions, the intensity of competition prevailing on the product market should affect wages according to the theory developed above because wages are the sum of an opportunity wage and a rent component.
In contrast, what the firm can save by laying off one worker before cutting wages is the sum of the total wage (w q)) and other fixed costs of employment (c H ), that is, w q)+c H.
The productivity loss due to the premature death of a given patient was the sum of the annual wages up to the time that patient would have reached 65 years of age if he or she had not died.
To make Ford's costs more predictable, the union has agreed to a series of predetermined, lump-sum payments in place of wage increases based on the rate of inflation.
