QuestionJune 20, 2025

4. How long would a minimum wage employee have to work to be able to buy the same amount of milk as a CEO can buy in 1 second? square

4. How long would a minimum wage employee have to work to be able to buy the same amount of milk as a CEO can buy in 1 second? square
4. How long would a minimum wage employee have to work to be able to buy the same
amount of milk as a CEO can buy in 1 second?
square

Solution
4.1(288 votes)

Answer

t = \frac{S \times 3600}{365 \times 24 \times 60 \times 60 \times W} seconds Explanation 1. Determine CEO's Milk Purchasing Power Assume the CEO's annual salary is S dollars. The CEO earns \frac{S}{365 \times 24 \times 60 \times 60} dollars per second. 2. Calculate Milk Cost Assume the cost of milk is C dollars per unit. 3. Calculate Minimum Wage Employee's Earnings Assume the minimum wage is W dollars per hour. The employee earns \frac{W}{3600} dollars per second. 4. Calculate Time for Minimum Wage Employee To buy the same amount of milk as the CEO can in 1 second, solve \frac{S}{365 \times 24 \times 60 \times 60} = \frac{W}{3600} \times t, where t is the time in seconds.

Explanation

1. Determine CEO's Milk Purchasing Power<br /> Assume the CEO's annual salary is $S$ dollars. The CEO earns $\frac{S}{365 \times 24 \times 60 \times 60}$ dollars per second.<br />2. Calculate Milk Cost<br /> Assume the cost of milk is $C$ dollars per unit.<br />3. Calculate Minimum Wage Employee's Earnings<br /> Assume the minimum wage is $W$ dollars per hour. The employee earns $\frac{W}{3600}$ dollars per second.<br />4. Calculate Time for Minimum Wage Employee<br /> To buy the same amount of milk as the CEO can in 1 second, solve $\frac{S}{365 \times 24 \times 60 \times 60} = \frac{W}{3600} \times t$, where $t$ is the time in seconds.
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