Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 11, Problem 6SQP
(a)
To determine
The changes in wage rate.
(b)
To determine
The changes in wage rate.
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The Geneva Watch Corporation manufactures watches on a conveyor belt with six stations. One worker stands at each station and performs the following tasks:Workers get paid $10 per hour. You can ignore any idle time of workers resulting from the beginning or the end of the day. a. What is the labor content? b. Assume a demand rate of 50 watches per hour. What is the takt time? c. Assume a demand rate of 50 watches per hour. What is the target manpower? d. An external supplier suggests shipping the battery module with preinstalled batteries, thereby eliminating the need for step 10. How would that impact process capacity? e. How could you increase the capacity of the process by rebalancing it?
What happens when a firm does not agree to the wages the employees of a union demand?
Select the correct answer below:
Nothing. The union workers do not have the ability to negotiate the salary.
Union workers can go on strike demanding higher wages.
Nothing. The union wages are based on a contract so they can't negotiate higher wages.
The firm does not have the option to disagree, it must meet the wage demands of the union.
Assume the labor market for loggers is perfectly competitive. How would each of the following events influence the wage rate loggers are paid? a. Consumers boycott products made with wood. b. Loggers form a union that requires longer apprenticeships, charges high fees, and uses other devices designed to reduce union membership.
Chapter 11 Solutions
Micro Economics For Today
Ch. 11.3 - Prob. 1YTECh. 11 - Prob. 1SQPCh. 11 - Prob. 2SQPCh. 11 - Prob. 3SQPCh. 11 - Prob. 4SQPCh. 11 - Prob. 5SQPCh. 11 - Prob. 6SQPCh. 11 - Prob. 7SQPCh. 11 - Prob. 8SQPCh. 11 - Prob. 9SQP
Ch. 11 - Prob. 10SQPCh. 11 - Prob. 11SQPCh. 11 - Prob. 1SQCh. 11 - Prob. 2SQCh. 11 - Prob. 3SQCh. 11 - Prob. 4SQCh. 11 - Prob. 5SQCh. 11 - Prob. 6SQCh. 11 - Prob. 7SQCh. 11 - Prob. 8SQCh. 11 - Prob. 9SQCh. 11 - Prob. 10SQCh. 11 - Prob. 11SQCh. 11 - Prob. 12SQCh. 11 - Prob. 13SQCh. 11 - Prob. 14SQCh. 11 - Prob. 15SQCh. 11 - Prob. 16SQCh. 11 - Prob. 17SQCh. 11 - Prob. 18SQCh. 11 - Prob. 19SQCh. 11 - Prob. 20SQ
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Similar questions
- Which of the following describes the effect of the changes in the manufacturing labor market on the market for service workers, which is not unionized? Check all that apply. The wage of service workers will fall. The supply of service workers will remain unchanged. The demand for service workers will remain unchanged. There will be an increase in employment in the service sector.arrow_forwardThe market for Pepsi is in equilibrium. The workers at Pepsi get a new union contract that doubles their pay. Draw a Supply and Demand graph, properly labeled, and show the initial situation and the situation after the new information is released on the same graph with arrows showing the direction of any change. Clearly state the impact on price and quantity.arrow_forwardThe marginal cost of labor (MCL) is equal to what for a firm that operates in a competitive labor market? How does this compare with the MCL for a monopsony.arrow_forward
- What determines the demand for labor for a firm operating in a perfectly competitive output market?arrow_forwardConsider the labor market for electricians. The demand curve is downward sloping and the supply curve is upward sloping. In this market, however, there is a strong labor union. Assume that the electrician’s union is able to negotiate a new contract that substantially raises their member's wages. Select the correct statement.arrow_forwardWhich of the following are reasons why union membership is in decline in the United States? Choose all that apply. a Public opinion of unions has declined as many factories have moved overseas for cheaper labor costs. b Many employers are opposed to their employees joining a union. c Union members generally earn less and have poorer working conditions than those who are not in unions. d Employment patterns have changed in the United States since the time when unions reached their peak.arrow_forward
- In the following table, identify which side of the labor market is affected by labor unions' practices. Practice by Labor Union Union supports legislation that reduces imports of the product produced by union labor. Union organizes training programs for new entrants. Union requires new hires to become a member within a certain time after being employed. The Demand for Union Labor The Supply for Union Laborarrow_forwardWhat determines the demand for labor for a firm with market power in the output market?arrow_forwardsmall hospital in rural Alaska is a monopsony employer of nurses. The nurses unionize. They have little power at the bargaining table, but they do bargain for a slightly higher wage. What happens to the number of nurses employed? What happens to labor costs and marginal labor costs?arrow_forward
- Suppose a firm purchases labor in a competitive labor market and sells its product in a competitive product market. The firm’s elasticity of demand for labor is -0.4. Suppose the wage increases by 5 percent. What will happen to the number of workers hired by the firm? What will happen to the marginal productivity of the last worker hired by the firm?arrow_forwardHow did the rise of labor unions change the working conditions of labor?arrow_forwardIn the following table, identify which side of the labor market is affected by labor unions' practices. Practice by Labor Union Union supports legislation that increases the price of imports of the product produced by union labor. Union lobbies for an increase in the minimum wage. Union imposes rigid certification requirements for all employees. The Demand for Union Labor The Supply for Union Laborarrow_forward
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