Refer the figure at right. An increase in labor productivity is likely to stimulate and shift the labor demand curve to O A. the right and hence increase union wages per year. OB. the right and hence lower union wages per year. OC. to the left and hence increase union wages per year. OD. None of the above is likely to happen. Wage Rate per Year W W3 W₂ W₁ b a MR 4₁ La Quantity of Labor per Year یا ما Q Q G

Refer the figure at right. An increase in labor productivity is likely to stimulate and shift the labor demand curve to O A. the right and hence increase union wages per year. OB. the right and hence lower union wages per year. OC. to the left and hence increase union wages per year. OD. None of the above is likely to happen. Wage Rate per Year W W3 W₂ W₁ b a MR 4₁ La Quantity of Labor per Year یا ما Q Q G

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Refer the figure at right. An increase in labor productivity is likely to stimulate and shift the labor demand
curve to
O A. the right and hence increase union wages per year.
OB. the right and hence lower union wages per year.
OC. to the left and hence increase union wages per year.
OD. None of the above is likely to happen.
8
W
W3
W₂
W₁
b
a
MR
4₁
La
Quantity of Labor per Year
یا
ما
Q
Q
7

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