In U.S. state and federal prisons, inmates work for little to no pay and corporations are able to purchase prison labor for a low price, and then make profits from contracts with U.S. military. Should large corporations be allowed to profit from prison labor? Should prisoners have the same workplace protections as other workers? Why or why not?

Q: Consider two provinces that adopt different laws concerning labour unions. The following graph shows…

A: The number of workers employed at $7 wage is 1 million workers.

Q: Why should a worker’s wages equal their marginal revenue product? In what cases would this claim be…

A: The marginal revenue productivity theory of wages is a framework for setting wage levels so that…

Q: Would you expect the presence of the labor unions to lead to higher or lower pay for worker-members…

A: The labor demand shows the quantity of labor demanded at different wages. The labor supply shows the…

Q: What is the marginal cost of labor for a firm that operates in a competitive labor market?

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Q: What factors that determine demand for labour by the firm?

A: Labor market equilibrium occurs at the intersection of labor demand and labor supply curve. The…

Q: Labor unions help negotiate with workers as a group rather than individuals. These negotiations…

A: Labor Unions help negotiate with workers as a group rather than individuals.

Q: Can private-sector labor unions be revived, and if so, what would a new organizing and…

A: Private-sector labor unions can be revived, but it would require significant changes in the way…

Q: The following graph shows the labour market in a province in Eastern Canada. The legislature in this…

A: A labour market is the sum of the demand and supply of labour. Workers and employees interact with…

Q: Explain how outsourcing and third-world labor markets enter into the mix when it comes to unionizing…

A: It can be defined as a practice of a firm to do a contract or allocate work or services to a…

Q: Refer to the figure. Which of the following would represent the wage and number of workers of…

A: Equilibrium Wage Rate: The equilibrium wage rate is the wage that is being determined by the market…

Q: If few companies had monopsony power couldn't he just go to a different employer?

A: Monopsony power in labor markets refers to a situation where there is only one, or very few, buyers…

Q: Bob, and independent electrician, wants to join a union. As a result Bob will qualify for the…

A: A union, additionally called a labor union or trade union, is an organisation formed by way of…

Q: Use the following table, which shows a firm's production, output price, and various quantities of…

A: Given data:WorkersTotal Output per DayPrice of Good210$ 103151041910522106241072510

Q: Illustrate and briefly explain the positive effects of trade unions in the model of wage and price…

A: The trade union is the association of the workers which is formed mainly for the purpose of fighting…

Q: The more elastic the labour supply is, the smaller the wage paid by a monopsonist. True or False?

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Q: Union proponents have suggested strengthening U.S. labor laws in all of the following ways except:…

A: Understanding the elements of US labor laws and their integration requires familiarity with current…

Q: Given the decline in union membership over the past 50 years, what does the theory of bilateral…

A: Meaning of Bilateral Monopoly: The term bilateral monopoly refers to the situation under which…

Q: to the higher labor costs.

A: Answer A) The wage of the staff within the automobile factory was original $20 per hour. The…

Q: Under the Wagner Act (NLRA), the only time workers are entitled to union representation is when the…

A: The question is asking whether it is true or false that under the Wagner Act, also known as the…

Q: Describe the two basic strategies of unions in increasing wage rates for their members.

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Q: Explain why monopsony gives rise to union development in labor markets.

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Q: e in this western province passes laws that make it easy for workers to join a union. Through…

A: Equilibrium is achieved at the level where Ls equals Ld