Identify and explain two advantages that CC workers would gain by joining a trade union.
The charts on the opposite page illustrate the break-even point with a price of $40 per cooker and a variable cost of $20 per cooker. Show how the break-even point changes for each of the options below by drawing on each chart on the opposite page: - Option 1 - Increase the price of the cooker to $60 - Option 2 - Decrease the variable cost of the cooker to $10 Consider these two options for raising the cooker’s profitability. Recommend which option the directors ought to choose. Justify your answer. Text shown on the charts: Option 1 - Increase the price of the cooker to $60. A vertical axis marked "$". A horizontal axis marked "output/year" with labels at 0, 1000 and 2000. A horizontal line labelled "fixed cost" at 20 000. An upward sloping line labelled "total cost" beginning at 20 000 when output is 0. A steeper upward sloping line labelled "total revenue" beginning at 0 when output is 0. Option 2 - Decrease the variable cost of the cooker to $10. A vertical axis marked "$". A horizontal axis marked "output/year" with labels at 0, 1000 and 2000. A horizontal line labelled "fixed cost" at 20 000. An upward sloping line labelled "total cost" beginning at 20 000 when output is 0. An upward sloping line labelled "total revenue" beginning at 0 when output is 0.