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abruzzese [7]
3 years ago
15

If a union succeeds in rasing the wages of its members above the equilibrium, what is a likley outcome?a. unemployment.b. deflat

ion.c. increased number of discouraged workers.d. an inward shift of the labor supply curve.
Business
1 answer:
diamong [38]3 years ago
7 0

Answer: a. unemployment.

Explanation:

If a union manages to raise the wages of its members but this wage is above the equilibrium, it will lead to the producers making less than they are supposed to due to higher input costs.

They will therefore seek to reduce their input costs and they will do so by hiring less people and letting go of some of the workforce. This will reduce their input costs and bring them back to equilibrium but will lead to unemployment in the nation.

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25. A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the per
avanturin [10]

Answer:

Finished goods = $85,800

Ending inventory = $5,280

Explanation:

beginning WIP 400 units

$11,080

8000 units started

$80,000

units finished and transferred out = 8,000 + 400 - 600 = 7,800

ending inventory 600 units

80% complete

equivalent units = 7,800 + (600 x 80%) = 8,280

total costs = $91,080

cost per equivalent unit = $91,080 / 8,280 = $11

Finished goods = 7,800 x $11 = $85,800

Ending inventory = 480 x $11 = $5,280

3 0
2 years ago
The usual stated political goal of rent control isGroup of answer choicesto conduct social engineering via economic rules.prices
Vaselesa [24]

Answer:

to assist the low income at a cost to society, in convenient, affordable housing.

Explanation:

Rent control can be defined as a process which typically involves keeping the cost of rent within a certain amount that is affordable for the citizens. Therefore, it ensures the amount of money spent as rent doesn't go above the chosen amount or grow at an increased rate.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

Basically, rent control is considered to be a price ceiling.

Hence, the usual stated political goal of rent control is to assist the low income at a cost to society, in convenient, affordable housing.

4 0
3 years ago
Which one of the following statements regarding partnership taxation is incorrect?
Arisa [49]

Answer:

A partnership is a taxable entity for Federal income tax purposes.

5 0
2 years ago
When Patrick was talking with his customer about the new accounting system, his customer mentioned that she thought the new syst
Softa [21]

Answer:

E. overcoming reservations

Explanation:

4 0
3 years ago
At the end of the systems implementation phase, the final report to management should include ____.
Nataly_w [17]
As far as I remember, at the end of the systems implementation phase, the final report to management should include these elements:

1. <span>a comparison of actual costs and schedules to the original estimates;

2. </span>final versions of all system documentation;

3. <span>planned modifications and enhancements to the system that have been identified;

It's necessary thing in system analysis.</span>
3 0
3 years ago
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