I think the correct answer is the third option. An industrial union organizes a wide range of skilled and unskilled workers in an industry. It is a group where all workers regardless of position of a particular industry are to be members. These are organized in order to gain a bargaining power especially in strike events.
Answer:
B) increase; decrease
Explanation:
According to the liquidity preference theory interest rates are determined by the supply and demand of money. So when the money supply is tightened it decreases the supply of money, which shifts the supply curve of money to the left and therefore interest rates increase. According to the fisher effect tightening the money supply will decrease the nominal interest rates in the long run because in the long run according to fisher interest rates and inflation rates move in the same direction, so when the money supply is tightened the inflation rates also fall because people spend less money and therefore when inflation is falling nominal interest rates also decrease.
Answer:
The answer is: The benefit surpluses shared between consumers and producers will be maximized.
Explanation:
The demand curve shows the relationship between the price of a good and the quantity demanded for that good. As the price of a good decreases, more customers will be willing and able to purchase it.
The supply curve on the other hand, shows the relationship between the price of a good and the quantity supplied of that good. As the price of a good increases, more suppliers will be willing and able to sell it. Suppliers will sell a good as long as its marginal costs are less than its marginal revenue. In other words, they will continue to supply the good as long as their costs are covered.
At any given point where the demand curve and the supply curve intersect, equilibrium point, the benefits for consumers and suppliers all together will be maximized.
The preparation of source papers is the initial stage in the flow of accounting data. True is the response.
A process known as the accounting cycle was developed to make it easier for business owners to keep track of the financial aspects of their operations.
The first four steps in the accounting cycle include identifying and evaluating transactions, documenting transactions in a journal, publishing journal data to a ledger, and creating an unadjusted trial balance.
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Answer:
defects per hour = 0.04
units inspected per hour = 50
inspector's salary per hour = $9
cost per undetected defects = $10
a. If the inspector position is eliminated, what will the hourly cost of defects be?
number of defects per hour = 0.04 x 50 = 2
cost of defects = 2 x $10 = $20
b. Should this inspection position be eliminated?
no, because the cost of eliminating the position is higher than the cost of hiring the inspector
c. What is the cost to inspect each unit?
cost to inspect each unit = $9 / 50 = $0.18 per unit
d. Is there benefit (or loss) from the current inspection process? How much?
the benefit of the inspection process = $20 - $9 = $11 per hour, or $11 / 50 = $0.22 per unit
