Microeconomics
Microeconomics
21st Edition
ISBN: 9781259915727
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
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Chapter 17.A, Problem 2AP

Subpart (a):

To determine

The new union wage and the employment level in the economy.

Subpart (b):

To determine

Total wage per week and the wage after the increase.

Subpart (c):

To determine

Value of decrease in the total wages due to increase in wage rate.

Subpart (d):

To determine

Total decrease in wage.

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