Examlex
The faculty at Northern University were recently unionized,but contract negotiations between faculty and the administration dragged on for over two years without any significant progress.During a faculty rally,the union president exhorted his colleagues to stand up for their right to fair treatment and just compensation by calling for a wildcat strike.Eighty percent of the faculty went out on an illegal strike,and refused to teach their classes for over a week.Then the administration obtained a restraining order,requiring the faculty to go back to work.At this point,the following conversation was overheard in the faculty lounge: Professor Carlier: "I'm going to teach my classes tomorrow.Union solidarity isn't worth a $500 fine to me!" Professor Tanko: "Not me.I'll stick with the union position,because it's right.We won't let those administration back-stabbers push us around anymore." It seems likely that Professor Carlier decided to strike as a result of ____,while Professor Tanko decided to strike as a result of ____.
Farmer
An individual engaged in agriculture, raising living organisms for food or raw materials.
Profit-Maximizing
A business strategy focused on increasing profits to the highest possible level given the firm's constraints.
Wheat
A cereal grain that is a worldwide staple food, used to make a wide range of products including bread, pasta, and cereal.
Price
The amount of money required to purchase a good or service; determined by factors such as demand, supply, and production cost.
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