If the bargaining power of the workers increases due to the unions becoming stronger: A) The wage setting curve shifts downward B) The price setting curve shifts downward C) The price setting curve shifts upward D) The wage setting curve shifts upward

Consider a small, remote town with only one employer - a pulp and paper mill. Suppose there are currently 600 workers, each of whom is paid $5000 per month. In order to attract one additional worker, the employer must increase all workers' wage to $5100 per month. What is the marginal cost to the firm of hiring the additional worker? Show transcribed image text . Consider a small, remote town with only one employer - a pulp and paper mill. Suppose there are currently 600 workers, each of whom is paid $5000 per month. In order to attract one additional worker, the employer must increase all workers' wage to $5100 per month. What is the marginal cost to the firm of hiring the additional worker?

If an exclusive union is successful in restricting the supply of labour, the: Select one: a) Quantity of labour demanded will rise b) demand for labour curve will shift leftward c) number of job oppurtunities in the firm or industry will increase d) wage rate will rise e) quantity of goods and services supplied will diminished

Boeing created, and recently expanded, an airplane manufacturing center in Charleston, South Carolina. One of the factors that likely influenced this location decision is that South Carolina is a "right to work" state. This represents a) a place factor related to labor. b) a transportation factor related to the market. c) higher wages for Boeing workers in South Carolina relative to Washington. d) a place factor related to the political environment.

In San Diego, 135 people are willing to work an hour as cashiers if the wage is $20 per hour. For each additional $5 that the wage rises above $20, an additional 45 people are willing to work an hour. For wages of $20, $25, $30, $35, and $40 per hour, plot the daily labor supply curve for cashiers on the following graph. WAGE (Dollars per hour) 50 45 40 35 30 25 20 15 10 5 0 0 45 90 135 180 225 270 315 LABOR (Number of workers) 360 405 450 -O- Supply (?)

By bargaining for higher wages, unions will likely reduce the quantity of labor demanded by employers unless.

Today the strongest segment of unionization is:   Militant workers   Public sector workers   Craft workers   Industrial workers

Assume that the marginal cost of hiring additional labor (MCL), the market supply of labor (SL), and the market demand for labor (DL) are determined by the following equations, where w refers to wage and L refers to labor:   MCL: w=2+7L   SL: w=2+5L   DL: w=42−3L   Determine how many workers stay unemployed under a monopsony as compared with a perfectly competitive market, assuming firms want to maximize profits in both situations. Write the exact

Which of the following is likely to increase the supply of labour? a decrease in fringe benefits a relaxation of restrictions on immigration an increase in the value placed on leisure a decrease in the population