Figure 13.5 Wage (S) 200 180 160 140 120 100 80- 60 40- 20- 0 Reference: Ref 13-7 MR MC 10 20 30 40 50 60 70 80 Quantity of labor Select one: O A. 4,000 OB. 2,750 O C. 5,000 D. 8,000 ID (Figure 13.5) The figure represents a labor union with wage in dollars and quantity of labor in hundreds of hours. If the labor union chooses to maximize total wages, how many workers will it supply?

Figure 13.5 Wage (S) 200 180 160 140 120 100 80- 60 40- 20- 0 Reference: Ref 13-7 MR MC 10 20 30 40 50 60 70 80 Quantity of labor Select one: O A. 4,000 OB. 2,750 O C. 5,000 D. 8,000 ID (Figure 13.5) The figure represents a labor union with wage in dollars and quantity of labor in hundreds of hours. If the labor union chooses to maximize total wages, how many workers will it supply?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter14: Labor Markets And Income

Section: Chapter Questions

Problem 3SCQ: Table 14.12 shows the quantity demanded and supplied in the labor market for driving city buses in...

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