Yes because without unions, the head of the company can create working conditions and pay scales that satisfy themselves and barely pass government regulations. An example would be undocumented workers who work non union jobs and have horrible working conditions. They cannot report due to the fact that they are undocumented. A union creates a work environment and a solid fall back for employees. Employees have the union to back them up and protect them from an “unfair boss”. Without unions the workers have no ground to stand as an employee base.
Answer:
Jim will earn more money than Allison.
Explanation:
The average salary for someone with a 4 year college degree is $51,000 (2019), that doesn't mean that Jim will earn that money, he might earn more or less, but it is a useful parameter. The average salary of someone who just finished high school is $28,000 (2019).
If we compare both average national salaries, we can assume that Jim will earn much more than Allison.
Answer:
The correct answer is it makes price higher so demand falls, creating excess supply.
Explanation:
In a price floor, their is a floor limit on price. The price level cannot go below this limit. At high price the consumers will demand less, following the law of demand. While the suppliers will supply more, following the law of supply.
So, the supply will be greater than demand creating surplus quantity in the market.
<h2>
10 workers would cause the marginal to exceed the marginal benefits.</h2>
Explanation:
- Let us understand the term "Marginal benefits".
- It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
- In terms of producers, the marginal benefit is termed as marginal revenue.
- Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
- Marginal revenue always falls below marginal cost.
- It is the revenue that the organization receives for selling one additional unit.
