In the case of a vertical contract curve, union negotiations will result in the firm hiring
A. fewer workers but at a higher wage than it would in the absence of the union.
B. fewer workers but at a lower wage than it would in the absence of the union.
C. the same number of workers but at a lower wage than it would in the absence of the union.
D. the same number of workers but at a higher wage than it would in the absence of the union.
E. more workers and at a higher wage than it would in the absence of the union.
Answer: D
You might also like to view...
The table above shows Mary's utility from chips and soda. Mary buys only chips and soda. Chips cost $2 per bag and soda costs $4 per six-pack. She has $20 to spend per week. To maximize her utility, Mary will buy
A) 5 sodas and 5 bags of chips. B) 3 sodas and 3 bags of chips. C) 8 sodas and 8 bags of chips. D) 6 sodas and 2 bags of chips.
The causal link between money growth and inflation is most closely associated with
A) Jevons. B) Kiyotaki and Wright. C) Friedman and Schwartz. D) Diamond and Dybvig.
When Sam in San Francisco buys stock in Fuji Film, he is contributing to:
A. capital outflow from Japan. B. capital inflow to the U.S. C. domestic investment in the U.S. D. capital outflow from the U.S.
Refer to Scenario 16.1 below to answer the question(s) that follow. SCENARIO 16.1: The marginal benefit for a particular food is described by MB = 30 - q, where q refers to the quantity of the food. The marginal cost of producing the food is described by MC = 2q. There is a negative externality associated with food production and the marginal social cost of food production is MSC = 4q.Refer to Scenario 16.1. The competitive output level is ________ and the competitive price is ________.
A. 6 units of food; $24 B. 4.29 units of food; $25.71 C. 10 units of food; $20 D. 0 units of food; $0