When union representatives negotiate with employers for better wages and working conditions, they are involved in _________

A key determinant of the price elasticity of supply is the

alina1380 [7]

Answer:

The ability of sellers to change the amount of the good they produce.

Explanation:

Price elasticity of supply: It is an economic measure to check the responsiveness of quantity supplied to the change of price. As per the law of supply, the supply of quantity increases with the increase in the price of goods and services and vice versa. The numerical value of elasticity indicates how is the response of quantity supplied to the price of the product. As zero indicates no response to the change in price and 1 indicate a higher response to the price of the product.

The key determinant of the price elasticity of supply is how well the seller is able to change the quantity supplied as per the price in the market.

8 0

2 years ago

If you were in charge of developing a tax system for a country, how would you structure taxes? For example, who should pay the g

poizon [28]

There are 3 systems as far as considering the percentage, they are progressive, regressive and proportional, progressive is good as the rate of tax increases proportionally as the income increases...taxes can be used for long term development projects which will eventually be fruitful for the economy.

6 0

3 years ago

Read 2 more answers

1)Which describes a benefit from government regulation of a natural monopoly?

Licemer1 [7]

B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

3 0

2 years ago

Read 2 more answers

Identify four reasons that an international airline such as Southwest or Delta would invest in a project when an analysis using

kramer

Answer: 1) consistency of the investment decision with corporate objectives

2) commitment to quality

3) corporate culture

4) business responsibilities to society and other external stakeholders.

Explanation: Qualitative factors are outcomes of decisions that can not be measured or quantified.

A company's project having a poor payback period and net present value may still go ahead with the project when it considers the consistency of the project with its corporate objectives; corporate culture; commitment to quality; its responsibilites to society.

6 0

3 years ago

Ming Chen began a professional practice on June 1 and plans to prepare financial statements at the end of each month. During Jun

Lyrx [107]

Answer:

Please see below the computation for Assets = Liabilities + Equity.

Explanation:

(+) Cash $61,000

(-) Capital $61,000

(+) Equipment $22,000

(-) Common Stock $22,000

(+) Rent Expense $1,200

(-) Cash $1,200

(+) Equipment $13,000

(-) Accounts Payable $13,000

(+) Cash $2,300

(-) Services $2,300

(+) Accounts Receivables $8,000

(-) Services $8,000

(+) Equipment $6,200

(-) Cash $6,200

(+) Wages Expense $2,400

(-) Cash $2,400

(+) Cash $4,300

(-) Account Receivable $4,300

(+) Accounts Payable $13,000

(-) Cash $13,000

(+) Dividends $1,200

(-) Cash $1,200

Net Profit = Revenue - Expenses

Net Profit = $10,300 - $3,600

Net Profit = $6,700

Assets = Total Liabilities + Shareholders' Equity

Cash + Accounts Receivables + Equipment = Accounts Payable + Capital + Retained Earning + Common Stock - Dividends

$43,600 + $3,700 + $41,200 = $0 + $61,000 + $6,700 + 22,000 - $1,200

$88,500 = $88,500

6 0

2 years ago

When union representatives negotiate with employers for better wages and working conditions, they are involved in __________?