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1 year ago

The introduction of a union into an industry

Business

1 answer:

Lemur [1.5K]1 year ago

5 0

Answer:

Option A (Raises wages and employment in that industry)

Explanation:

A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.

Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.

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Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in

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The model that best fits the given situation is exponential

<h3>what is an Exponential Function?</h3>

Exponential function, in mathematics a relationship of the form y = $a^{x}$ , where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = $e^{x}$ .

Here,

The value of a classic car = $50,000

It is increasing in value by 5% per year.

So, here we have a = 50,000 and x = 5%

The function is increasing.

b = 1+5%

b = 1+0.05 = 1.05

Hence, the function that describes this situation is given by:

$f(x)=50000(1.05)^{x}$

To learn more about Exponential Function from the given link

brainly.com/question/10750625

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