Which of the following indicates the number of workers who are willing to work but are unemployed at the optimal union wage rate in Figure 31.1?
A)Zero.
B)6.
C)14.
D)22.

Question

Which of the following indicates the number of workers who are willing to work but are unemployed at the optimal union wage rate in Figure 31.1?
A)Zero. 
B)6. 
C)14. 
D)22.

Quizplus · Accepted Answer

At the optimal union wage rate, which is above the equilibrium wage rate, the quantity of labor supplied would be 24 and the quantity of labor demanded would be 10, resulting in a surplus of labor or unemployment of 14 workers. Therefore, the answer is C.

Which of the Following Indicates the Number of Workers Who