Multiple Choice
Suppose Robert has a wage contract subject to an escalator clause. He earned $22 per hour last year. In the same year, the consumer price index rose from 120.0 to 126.0. Based on the given information, what should his new wage be?
A) $24 per hour
B) $23.10 per hour
C) $24.40 per hour
D) $22.50 per hour
Correct Answer:
Verified
Correct Answer:
Verified
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