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3 years ago

What is the main function of unions (money 101)

Business

1 answer:

Semenov [28]3 years ago

8 0

Answer:

A union is a formal group that consists of individuals in a same field or similar professions that are united for their common interests and for protection.

The idea is that a union is more effective than seperate individuals when it comes to Organizational and institutional matters.

So we can say that the main function of unions is to promote the interest of its members and to make certain that the voice of its members is heard in matters where the individuals cannot work separately and alone.

Explanation:

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What does deficit mean?

galben [10]

The definition of deficit is, A sum of money that is small. Also, this can mean a loss of money. Another definition is, the number of loses in sports. Or, individual. Hope this helps

8 0

3 years ago

A company’s total monthly sales (in millions of dollars) t months from now are given by:

Elina [12.6K]

Answer:

a) $\frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3$

b) $S(4) = 0.5*(4^2) +3(4) -5=15 million$

c) For this case we have the total sales $ 15 millions after t =4 months

d) $S'(4) = 4+3 = 7 million$

e) This value represent the increase in the amount of sales in millions after t=4 months

Explanation:

For this case we have the following function for the sales

$S(t) = 0.5 t^2 +3t -5$

Part a

For this case we want to find the derivate of S respect to t and we got:

$\frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3$

Part b

For this case we want to find the value of S when t = 4 so if we replace we got:

$S(4) = 0.5*(4^2) +3(4) -5=15 million$

Part c

For this case we have the total sales $ 15 millions after t =4 months

Part d

For this case we just need to replace t=4 in the derivate and we got:

$S'(4) = 4+3 = 7 million$

Part e

This value represent the increase in the amount of sales in millions after t=4 months

3 0

3 years ago

To reconcile the number of physical units using the weighted average method of process costing, one must determine whether the u

Shkiper50 [21]

For one to be able to reconcile the number of physical units using the weighted average method of process costing, one must determine if the units were completed or still in process at the end of the period.

<h3>What is weighted average method?</h3>

The weighted average cost method is known to be a kind of process that tends to divides the cost of goods that is available using the sale by the number of units that is present for sale.

Conclusively, To find a weighted average, one has to multiply all the number by its weight, then add all the results together.

learn more about weighted average method from

brainly.com/question/26595359

8 0

2 years ago

Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at the garage sale he's planning

Delvig [45]

The complete question is as follows:

Dan owns an autographed copy of a Brittany Spears CD that he values at $100. If he sells the CD at the garage sale he’s planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. If he sells it on eBay, it will be sold to a buyer with a reservation price of $500. eBay will charge Dan $50 to auction the CD, which just covers eBay’s opportunity cost of running the auction. Relative to selling the CD at his garage sale, auctioning the CD on eBay will lead:

A. to no change in total economic surplus.

B. total economic surplus to increase by $500.

C. total economic surplus to increase by $275.

D. total economic surplus to increase by $100.

Answer: C - Total economic surplus to increase by $275.

In this question, we only need to consider producers' surplus since we're considering the various options for Dan to sell his CD.

We calculate Producer's Surplus as follows:

$Producer's surplus = Market Selling Price - Economic Cost.$

Economic costs not only refers to explicit costs like cost of the CD, but also includes opportunity costs. Since we need to calculate producer's surplus when Dan sells on Ebay, we need to consider the following costs:

Value of the CD = $100

Ebay's opportunity cost that Dan will have to bear = $50

$Profit Dan would've received in garage sale = $75 ($175 - $100)$

Among the three expenses listed above, the profit Dan would've got in the garage sale is considered the <u>implicit cost or opportunity cost.</u>

Substituting the values we have in the equation above, we get,

$Producer's Surplus = 500 - (100+50+75)$

$Producer's Surplus = 275$

8 0

3 years ago

Why did the housing market crash in 2008

Komok [63]

Because the banks were down

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3 years ago

Read 2 more answers