Firm would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage rate is $15. Firm B will hire 30,000 workers if the wage is $20 but will hire 33,000 workers if the wage is $15. The workers in which firm are more likely to organize and form a union?

Q: True or False? Union wages are similar to those in a perfectly competitive market. The wage is…

A: Answer - The structure of a market where there are large numbers of sellers who sell homogenous…

Q: Consider an economy with two labor markets: one for manufacturing workers and one for service…

A: The labor market of the economy determines the equilibrium wage rate and equilibrium quantity of…

Q: Other things being equal, a labor union will find it harder to get a wage increase for its members…

A: Answer- Need to find- Other things being equal, a labor union will find it harder to get a wage…

Q: Which of the following groups are worse off as a result of the union action in the northern state?…

A: Equilibrium Wage Rate: The wage rate at which the market demand for labor is equal to the market…

Q: Firm A would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage…

A: A firm would be able to organise in a situation where the demand curve for workers is inelastic,…

Q: Which of the following are reasons why union membership is in decline in the United States? Choose…

A: A union is a collection of workers who unite together to make choices regarding their working…

Q: Which of the following will happen to the manufacturing labor market if manufacturing workers formed…

A: Labor market is considered to be the most important market for an economy which is labor-intensive…

Q: Are unions and technological improvements complementary? Explain why or why not.

A: Unions are collective organizations joined by all the employees in a particular firm or industry.…

Q: Why did some people want to form labor unions? A to improve working conditions B to open the…

A: Labor unions are groups of workers with leaders among them who band together to protect and develop…

Q: Union membership in the public sector is higher compared to the private sector even as the overall…

A: Union membership in the public sector is higher compared to the private sector even as the overall…

Q: quantity supplied and demanded in the labor market for philosophy professors at a California…

A: Given information: We have given the quantity supplied and demanded in the labor market for…

Q: As a result of the unionization: The price of wood will increase and the price of coal will decrease…

A: Unions restrict the number of labor thereby interfere with the free-market allocation of labor.

Q: What is number 3a, 3b 3c and 3D

A: Hi there! Thank you for submitting the question. Since we only answer up to three sub parts, we will…

Q: Some unions limit the no. of union members and require employers to hire union members only,…

A: Illustrate the equilibrium wage and quantity of labor using a diagram with the demand and supply…

Q: Excess supply in terms of union labor means: Select the correct answer below: Firms will want to…

A: In the mentioned question we have been asked what will happen if in labor market there is excess…

Q: inges job qualification standards that require pilots to acquire additional skills to meet the new…

A: Labour economics, seeks to acknowledge the functioning and dynamics of the markets for wage labour.…

Q: Which of the following describes the effect of the changes in the manufacturing labor market on the…

A: Factors of production are those inputs that are used by the producers, or manufacturers in the…

Q: following can raise wages of union members

A: Option (2).

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

A: The trade union has three basic strategies to increase the wage rate of its members. They are;…

Q: Wage Rate $28 Quantity of Labor Demanded 800 25 1,000 22 1,200 19 1,400 1,600 16 Refer to the given…

A: Labor demand is negatively related to wages, that is increase in wages leads to decrease in labor…

Q: What happens when a firm does not agree to the wages the employees of a union demand? Select the…

A: In the mentioned question, we have been asked about the upcoming situation when the firm does not…

Q: 1. In a free market for labor the wage rate is determined by essentially Supply and Demand, the […

A: The wage rate definition is the pace of remuneration for a laborer. It is one of the focal…

Q: There are 100 workers. In 2084, after decades of complaining about low wages, the programmers at…

A: Unions are formed by laborers to protect the interest of the laborers against the decisions of the…

Q: 12. Which of the following is NOT a way for employees to become unionized? Select one: a.…

A: The labor unions are the organization of the workers which represents the workers as a whole. They…

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

A: Monopsony is defined as a market condition where the entire market is dominated by a single buyer.…

Q: Describe the economic impact of strike

A: A strike is an act that is a refusal to work for the firm or for the employer. The strike will be…

Q: Union A wants to represent workers in a firm that would hire 20,000 workers if the wage rate is $12…

A: Price elasticity of demand gauges how delicate purchasers are to changes in the price of products or…

Q: Two presidents named Roosevelt helped promote the acceptance of unions. What did Theodore Roosevelt…

A: During the Coal Strike of 1902 (sometimes also referred as anthracite coal strike) which is held by…

Q: Unions can be argued to gave raised worker productivity by: a) Enabling workers to speak with…

A: Productivity: Productivity measures various aspects of the efficiency in the production of a…

Q: (c) Offer two ways that unions can increase worker productivity.

A: A labour union is a group of workers who have banded together to improve salary, benefits, and…

Q: D. Union leaders are in better position to bargain for higher wages if demand for labour is

A: To find : Demand for labour  .

Q: If a labor union successfully restricts the supply of labor to firms, and if the union is not able…

A: According to law of Demand for Labor markets - Whne wages are higher, quantity denand for labour is…