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-Figure 12-2 Depicts Demand and Supply in a Nonunionized Labor

Question 74

Multiple Choice

-Figure 12-2 depicts demand and supply in a nonunionized labor market.The original equilibrium is at point A.If a labor union subsequently negotiates an hourly wage for its members of $20,then the profit-maximizing employment level A) rises from 6,000 to 10,000 B) rises from 3,000 to 10,000 C) drops from 10,000 to 3,000 D) drops from 6,000 to 3,000 E) remains unchanged
-Figure 12-2 depicts demand and supply in a nonunionized labor market.The original equilibrium is at point A.If a labor union subsequently negotiates an hourly wage for its members of $20,then the profit-maximizing employment level


A) rises from 6,000 to 10,000
B) rises from 3,000 to 10,000
C) drops from 10,000 to 3,000
D) drops from 6,000 to 3,000
E) remains unchanged

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