<span>Workers formed the first labor unions to protect and establish workers rights and safety. Unions fought for and established the right for workers to protest. They ensured workers received protection and compensation for on the job injuries. Most importantly unions helped worked form one powerful voice to advocate for employees against industry giants.</span>
Answer:
a. Revenues, expenses. and dividends - Temporary accounts
b. List of permanent accounts and their balances - Post-closing trial balance
c. Transfer of temporary balances to retained earnings - Closing entries
d. List of permanent and temporary accounts and their balances - Adjusted trial balance
e. Assets, liabilities, and stockholders' equity - Permanent accounts
As a group oligopolists would always be better off if they would act collectively as a single monopolist.
Why do oligopolists act together?
- By acting together oligopolistic firms can hold down industry output, charge a higher price, and divide up the profit among themselves.
- When firms ac t together in this way to reduce output and keep prices high, it is called collusion.
What are the advantages of oligopoly?
- An oligopoly can adopt a competitive strategy.
- The extra profits earned from an oligopoly can go into research and development.
- It can bring price stability to the market.
- Oligopolies can offer more information to their consumers.
Learn more about oligopoly here:
brainly.com/question/26456058
#SPJ4
Answer:
71.3
Explanation:
to find the mean you have to add all of the heights together and then divide by nine, which is how many heights are given.
Answer:
Case 1:
When, Labor = 6 ;
Output = 90
Fixed Cost = $6
Variable cost per unit of labor = $10
∴ Total Variable Cost = $10 × 6 = $60
Total cost = Fixed Cost + Total Variable Cost
= $60 + $6
= $66
Case 2:
When, Labor = 7 ;
Let us assume the total output be 'x' , when firm hires 7 workers.
Marginal product( ) of the seventh unit of labor = 4
i.e. = = 4
= 4
= 4
x = 94
Fixed Cost will remain the same , i.e. $6
Variable cost per unit of labor = $10
∴ Total Variable Cost = $10 × 7 = $70
Total cost = Fixed Cost + Total Variable Cost
= $70 + $6
= $76