If a union wishes to maximize the number of union members employed, it will      set a wage above the competitive wage.     set a wage below the competitive wage.     set a wage where the elasticity of demand for labor equals one.     accept the competitive wage.

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A: Equilibrium is defined when the market forces which are demand and supply matches each other.

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A: Critical values are (0,0) So the bargaining gain is (u1, u2)

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A: Anser is given below

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A:

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A: Given,

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A: Concept: Explicit collusion refers to a formal agreement between two or more firms in a market to…

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A: The answer is given below

Q: Questions attempted 2/38 26 of 38 cemiany nas a comparative advantage over England in the production…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

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A: As it mentioned when p =$10 qd =100 when p2 = $11 qd=85

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A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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Q: Write the letter of your choice on the space provided before each number. Thus, A – if only the 1st…

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Q: How do gains in income inequality influence economic growth and expenditure rates?

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A: AD-AS model determines the equilibrium level of real GDP with the price level in the economy.

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Q: Please refer to the description of a tax on a market, represented by the graphic Consumer surplus…

A: Consumer surplus is that area which are lies below the demand curve and above the price level.

Q: O C. 0.6 utils

A: The utility maximizing condition decided by the tangency conditions. The slope of utility function…