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A labor contract provides for a first-year wage of $15 per hour, and specifies that the real wage will rise by 2 percent in the second year of the contract and by another 2 percent in the third year. The CPI is 1.00 in the first year, 1.09 in the second year, and 1.15 in the third year. What dollar wage must be paid in the third year?
Sotheby's Representative
An individual who acts on behalf of Sotheby's, the international auction house, in dealings with clients and the coordination of auctions and sales.
Valuation
The process of determining the current worth or price of an asset, company, or property.
Arousal Levels
The state of being physiologically alert, awake, and attentive, varying from low to high.
Introverts
Individuals who predominantly prefer solitary activities and environments that allow for deeper concentration and reflection, often feeling drained by social interactions.
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