Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
I am guessing culture, because your culture is your tradition and religion which are your beliefs and values.
Based on the scenario above, the economic concept which Frakie is faced with is OPPORTUNITY COST. Opportunity cost refers to a benefit or value that a person could have received but which he gave up in order to take another course of action. Thus, an opportunity cost represents an alternative given up when a decision is made.
Union members earn "about 20% more" than non-union members, even after adjusting for factors such as "years of work experience and education level.".
<h3>Who are Union and Non-Union members?</h3>
Workers who band together and use their collective power to have a say in the workplace create a union.
Labour union members can bargain with employers about pay, benefits, workplace health and safety, job training, and other work-related problems from a position of power through their union.
Employee involvement in corporate decision-making through representative organisations is known as non-union employee representation.
The reasons for union workers paid more are-
- Employees that are more productive get paid more - Unions assert that they may bargain for greater salaries for workers.
- In truth, higher pay rates result from employers in unionised organisations being more selective in the hiring process since they must find individuals who can produce more and do so with higher standards.
To know more about the roles of labour union, here
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