Table 31.1Wage rate (dollars per hour)Labor demanded (workers)Total labor cost(dollars per hour)Marginal Wage (dollars per worker)$260________---222________________184________________146________________108________________Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates. Complete the table by computing the total wage bill (total labor cost) and the marginal wage. Assume the union collects dues of 1 percent of the total wage bill. At what wage in Table 31.1 would the union maximize the amount of dues it collects?
A. $14 per hour.
B. $22 per hour.
C. $18 per hour.
D. $10 per hour.
Answer: A
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What will be an ideal response?
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a. right b. left c. it does not change the demand curve d. none of the above