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4 years ago

How do unions play a role in the economy

Business

1 answer:

pychu [463]4 years ago

4 0

Answer:

Explained below.

Explanation:

Unions perform essentially as a worker's cartels, restraining the number of laborers in a corporation either enterprise to push up the rest of the workers' salaries. They also hinder economic growth including suspension improvement from the reversal. Over time, unions damage jobs in the organizations they regulate and have a similar impact on marketing expenditure as it makes a 33 percentage point corporate revenue cost increment.

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Peggy-Sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc., to come to work

Ivan

Answer:

Accounting profit $103,000

Economic profit(loss here) is -$64,000

She should rather take the job at Monster Inc as she is not enjoying an economic profit

Explanation:

In this question, we are asked to calculate the economic and accounting profits for Peggy-sue’s cookies. We proceed as follows;

Accounting profit(I.e profit without opportunity cost) = 250,000 - 80,000 - 22,000 - 40,000 - 5,000 = $103,000

The Economic profit(profit with opportunity cost) = Accounting Profit - opportunity cost

Let’s calculate the opportunity cost;

Opportunity cost = 160,000( her salary I’d she was working with Monster Inc) + 35,000 * 20%( her investment if she leaves the company) = 160,000 + 7,000 = 167,000

Her Economic Profit = 103,000 - 167,000 = -64 000( a loss in this case)

5 0

3 years ago

Read 2 more answers

What is important to know about yourself when making a career choice?

yaroslaw [1]

It’s important to know your limits and your strengths.
The goal is to do your best in the job you have, so before making that important choice, it’s good to think about maybe your talents or hobbies that you have.
You could ask yourself questions such as:

Do I communicate well with people?

What am I best at?

Am I able to fulfill the tasks that are included in this career?

And I’m sure there are more questions, but it is a good thing to know yourself that way when you apply for a job, you know what you’re getting into.

I hope this helps!
~Brooke❤️

5 0

4 years ago

_______ is defined in marketing terms as the basic problem-solving benefits consumers are seeking.

omeli [17]

The term that is being referred to the description is CORE CUSTOMER VALUE. The core customer value is a marketing term that describes the fundamental benefits of problem solving that consumers are looking for. The customer value are classified into two and these are the perceived and the desired value.

7 0

4 years ago

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then

ANTONII [103]

Answer:

1. Assets is debited for $10,000 as loans.

2. Liabilities is credited for $10,000 as deposits.

Explanation:

Note: This question is not complete as the amount is omitted. The complete question is therefore presented before answering the question as follows:

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of $10000 from Bank 1.

Use the T-account below to show the result of this transaction for Bank 1, assuming Bank 1 keeps no excess reserves after the transaction.

The explanation of the answer is now given as follows:

Note: See the attached photo for Bank 1's T-Account.

In the attached photo, we can see that:

1. Assets is debited for $10,000 as loans.

2. Liabilities is credited for $10,000 as deposits.

6 0

3 years ago

There are 20 automatic turning machines in the lathe department. Batches of parts are machined in the department. Each batch con

Semmy [17]

Answer:

The capacity of the lathe department is 3200 parts/week. The workers capacity is the bottleneck.

Explanation:

In this case we have to compare the machine capacity and the worker capacity, and detecting shich one is limitating the capacity of the department.

Machine capacity

The time it takes for a machine to process a batch is

$Time_{batch}=T_{setup} + T_{machining}=5+(9/60)*100=5+15=20 h$

In 40-hour week, every machine can process 2 batches/week.

With 20 machines, the capacity of the department is 2*20=40 batch/week (4000 pcs/week).

Workers capacity

With 40-hour week and 5-hours setup, every worker can make (40/5)=8 setups a week.

If the department has 4 workers, the amount of setups that can be done is 4*8=32 setups/week. That means that only 32 batches can be processed per week (3200 pcs/week).

The workers resource is the limitating capacity, and therefore the capacity of the lathe department.

5 0

3 years ago