Chapter 4: Costs and Cost Minimization Multiple Choice 1. Suppose you are a star basketball player at a major university in your sophomore year. You are sought after by several NBA teams. Which of the following choices best characterizes your opportunity cost if you choose to drop out of college and enter the NBA? a) The value of your college scholarship that you have given up. b) The skills that two more years of playing at your college would have given you along with their additional value
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Labor Day is a dedication to the social and economic achievements of American workers. It constitutes a yearly national acknowledgment to the contributions that workers have made to the strength‚ prosperity and well-being of our country. It has evolved from a purely labor union celebration into a general "last fling of summer" festival. The origin and deeper meaning of the day has been forgotten‚ or never actually known to many. The beginnings of the American Labor Movement started with the Industrial
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The Noble Order of the Knights of Labor was founded in 1869 by Uriah Stephens and five other former members of the Garment Cutters’ Association of Philadelphia. The organization was open to all working people except for bankers‚ lawyers‚ doctors‚ stockbrokers & liquor manufacturers. It was the first union to attempt to unionize women on a national scale. This included appointing Leonora Barry as a national organizer. In 1893‚ inspired by the overwhelming influence by the Knights‚ Kelley successfully
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Valerie Christensen Division of Labor Emile Durkheim was a French Sociologist who believed that the moral and ethical structures were being threatened by technology and mechanical improvements. He felt that the division of labor created alienation amongst the workers and felt that the greed created by mass production would bring problems for society. Below I have listed a few of his quotes: "Man is only a moral being because he lives in society‚ since morality consists in solidarity with the
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W QDL= f(W) We recap by recalling labour costs where when costs Go up‚ companies create a more mechanized form of labour Therefore‚ labour becomes more capital intensive. QDL C ∑ LD‚ W (the elasticity of labour demand with respect to wage = % change LD (demand for labour) % change in wage (w) WHEN WE LOOK AT THE SUPPLY OF LABOUR = LS = g(w‚ # of earners‚ level of education) Note: the increasing level of education increases the hour of work (LS) Sidenote: explained about wealth – which
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Inc. (3rd Alert). The Antecedent Facts This case started from an illegal dismissal complaint filed by Romualdo Navia against 3rd Alert. On November 30‚ 2005‚ the labor arbiter issued a decision that Navia’s dismissal was illegal. 3rd Alert appealed to the National Labor Relations Commission (NLRC) which affirmed the ruling of the labor arbiter. 3rd Alert’s motion for reconsideration of the NLRC decision was denied in a resolution dated October 19‚ 2008. From this ruling‚ 3rd Alert filed an appeal
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is now one of them. What is emotional labour? Arlie Hochschild created the term ’emotional labour’ in 1983‚ which she described it as “management of feeling to create a publicly observable facial and bodily display … sold for a wage.” Or‚ Emotional labor refers to the process by which workers are expected to manage their feelings in accordance with organizationally defined rules and guidelines. Another description could be that‚ the things that service workers do that goes beyond physical or mental
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fiancé when she first meets Guido. He is insensitive and caught up in Italian high society‚ and he makes Dora unhappy. He also denies Guido a loan to open a bookstore. Vittorino A fellow prisoner at the concentration camp. Oreste The man who employs Ferruccio as an upholsterer. II. Summary Guido‚ and his best friend‚ Ferruccio‚ went to the city to get a job‚ when the brakes of their old car broke. While Ferruccio attempts to fix the car‚ Guido saw a woman who is to become the love of his life
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Florence Kelley During the National American Suffrage Association in Philadelphia on 1905‚ Florence Kelley uses several rhetorical devices to convey her message concerning child labor to her audience. In the beginning of her speech‚ Kelley states‚” two million children under the age of sixteen years are earning bread‚” in order to create an emotional appeal that would urge these women to feel sorrow for the children that have to work so late at nights. In order to keep her audience caring for
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sports but despite their accomplishments‚ people still continue to discriminate against women‚ in general‚ working in the labor force. We would not be taking up discrimination in this paper but we would just like to use this introduction to explain why our topic exists in society today. Our topic is the effect of having early access to or the availability of contraceptives to the labor supply of women. Because of the constant discrimination and stereotypes that are given to them‚ women themselves have
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