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Volgvan
3 years ago
10

The effects of unionization on wages in the sectors of the economy that are unionized causes the supply of labor in other sector

s of the economy to
Business
2 answers:
Margarita [4]3 years ago
8 0

Answer: Reduce.

Explanation: Unions are organized groups of people working together to improve their work lives through collective bargaining.

Workers who belong to a union generally enjoy a higher wage level than workers who do not belong.

This disparity in wage levels causes workers to join unions and leave their low wage paying jobs.

The effect of this is that the supply of labor in other sectors of the economy will dwindle, as the unions will always bargain for a higher wage level, and when the corporations fail to comply, there will be no release of labor.

Harman [31]3 years ago
3 0

Answer:

Theoretically, unionization should cause a decrease in labor supply, but lately things aren't working that way.

Explanation:

As I said, in theory unions are good for workers, so people should try to become union members and therefore the supply of labor in non-unionized jobs should decrease.

But lately, only public servants and teachers want to be unionized. United Auto Workers (UAW) who represents workers in car and auto parts manufacturers has not succeeded in getting workers in non American car factories to join them. Honda started manufacturing cars in America almost 40 years ago, BMW's largest plant is in America, and in total foreign car manufacturers employ more than 100,000 Americans, and none are unionized.

Union membership in America is declining, around 6% of employees working for private companies are unionized, while only 10.5% of total workers including public employees are unionized.

Apparently what is theoretically right is not right in the real world. Private workers are running away from unions, so apparently they are not such a good idea after all.

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answer 1 in the attachment ✌️✌️✌️

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3 years ago
Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is
Zolol [24]

Answer:Delivered price=$1,814

Explanation:

List Price = $4,000

Trade  discount = 55%

Price after discount = $4,000 - 55% x $4000

$4000- $2,200 =  $1,800

if Levin pays within 10 days he will have a discount of 2 %, which he did

Therefore 2% x $1800 = $36

Delivered price =   $1800 -$36+ freight charges ( shipping)

$1800 -$36 + $50=$1814

5 0
3 years ago
Assume the following information:Selling price per unit $200Contribution margin ratio 50%Total fixed costs $275,000How many unit
kkurt [141]

Answer:

Level of sales (dollars) to earn profit of $50,000

= <u>Fixed cost + desired profit</u>

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= <u>$275,000 + $50,000</u>

             0.5

= $650,000

Number of units to earn profit of $50,000

= <u>Level of sales</u>

  Selling price

= <u>$650,000</u>

       $200

= 3,250 units

The correct answer is A

Explanation:

First and foremost, the level of sales (dollars) to earn $50,000 profit is calculated, which is the ratio of fixed cost and desired profit to contribution margin ratio. Then, we will calculate the number of units to be sold in order to earn $50,000 profit by dividing the level of sales by selling price.

7 0
3 years ago
Company X had a net income of $25,000 for the year ended December 31, 2016. In 2016, Company X paid the out dividends of $10,000
Debora [2.8K]

Answer:

a. $45,000

Explanation:

The retained earnings of the Company X at the beginning of the year shall be determined using the following mentioned formula:

Retained Earnings at the end of year=Retained Earnings at the start of the year+net income for the year-dividend paid by company X

In the given question:

Retained Earnings at the end of year=$60,000

Retained Earnings at the start of the year=?

Net income for the year=$25,000

Dividends paid by Company X=$10,000

$60,000=Retained Earnings at the start of the year+$25,000-$10,000

Retained Earnings at the start of the year=$60,000-$25,000+$10,000

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So based on the above calculation, the answer is a. $45,000

5 0
3 years ago
______ business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or d
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Static , routine  business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.

<h3>What is business operation?</h3>

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Hence, Static , routine  business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.

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6 0
2 years ago
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