Exhibit 28-5

-Refer to Exhibit 28-5.In which of the following cases has the increase in the wage from W₁ to W₂ been brought about by a prolonged successful training program undertaken by the union for the benefit of its members?

Question

Exhibit 28-5
Exhibit 28-5 -Refer to Exhibit 28-5.In which of the following cases has the increase in the wage from W<sub>1</sub> to W<sub>2</sub> been brought about by a prolonged successful training program undertaken by the union for the benefit of its members? A) (1) B) (2) C) (3) D) none of the above

Exhibit 28-5 -Refer to Exhibit 28-5.In which of the following cases has the increase in the wage from W<sub>1</sub> to W<sub>2</sub> been brought about by a prolonged successful training program undertaken by the union for the benefit of its members? A) (1) B) (2) C) (3) D) none of the above

-Refer to Exhibit 28-5.In which of the following cases has the increase in the wage from W₁ to W₂ been brought about by a prolonged successful training program undertaken by the union for the benefit of its members?

Quizplus · Accepted Answer

In case (2), the wage has increased from W₁ to W₂, and the intersection is located to the right of the original equilibrium point. This indicates that there has been an increase in demand for labor, which may have occurred due to an improvement in skills and productivity resulting from a successful training program undertaken by the union for the benefit of its members. Therefore, option B is the best choice. The other cases do not show a clear relationship between the wage increase and a training program.

Exhibit 28-5 -Refer to Exhibit 28-5.In Which of the Following Cases Has