All categories

3 years ago

If union contracts raise wages above competitive levels, what might be one negative outcome?

Business

1 answer:

Feliz [49]3 years ago

7 0

Answer:

Companies will move overseas to escape unions and hire cheaper labor.

You might be interested in

The primary reason for the absence of much litigation under foreign competition law is:

Leona [35]

Answer:

III only.

Cultural attitudes toward antitrust law differ.

Explanation:

Competition law is an area of law that seeks to maintain a level playing field for all participants in an industry by protecting them against anti-competitive conduct by companies.

For example two major players in an industry may collaborate to raise price of goods.

However in foreign competition law we have to consider that cultural attitudes towards antitrust law differs. What is accepted in one country may not apply in another. So there is absence of litigation when considering competition in the foreign scene.

3 0

3 years ago

Which type of third party plan covers prescriptions for anyone eligible for medicare benefits, including senior citizens?

Citrus2011 [14]

The third party plan that covers prescriptions for those eligible for medicare is usually an insurance plan that has extended health so that after paying a small deductible like $25 then the medicine costs will be reimbursed at the rate of say 80% of their costs.

7 0

3 years ago

Marshall owns and operates a construction firm. He uses inexpensive and low-grade building products and accepts inferior carpent

Kitty [74]

Answer:

The correct option is (d)

Explanation:

Ethics is considered above law as law requires just compliance of laws, rules and regulations. Ethics on the other hand establishes a standard of moral conduct. Being mere legal does not mean that something is ethical. Ethical responsibilities are not codified as it is expected from businesses to follow the same.

Here, Marshall, though complied with legal frameworks, he failed to fulfill his ethical obligations by using low-grade products that could harm the general public in future.

3 0

3 years ago

The government sets a price ceiling for a monopoly that is below the profit-maximizing price but above the level at which the

Goshia [24]

As a result of the price ceiling, the monopolist will "produce more than the monopoly level of output ".

The monopolist's profit maximizing level of output is found by likening its marginal revenue with its marginal cost, which is a similar benefit maximizing condition that a splendidly focused firm uses to decide its equilibrium level of output.

8 0

3 years ago

Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a

ziro4ka [17]

Answer:

Schell Company

Overhead assigned: Standard Deluxe

a. Based on Labor hours $16,280 $9,460

b. Based on Machine hours $10,663 $15,076

Explanation:

a) Data and Calculations:

Total overhead = $25,740

Total Standard Deluxe Overhead Rate

Labor hours 1,170 740 430 $22 ($25,740/1,170)

Machine hours 7,000 2,900 4,100 $3.677 ($25,740/7,000)

Overhead assigned: Standard Deluxe

a. Based on Labor hours $16,280 $9,460

($22 * 740) ($22 * 430)

b. Based on Machine hours $10,663 $15,076

($3.677 * 2,900) ($3.677 * 4,100)

4 0

3 years ago

If union contracts raise wages above competitive levels, what might be one negative outcome?​

If union contracts raise wages above competitive levels, what might be one negative outcome?