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-Refer to the Above Figure

Question 172

Multiple Choice

  -Refer to the above figure. Suppose there are L4 workers in the union. If the union wants to set a wage rate of W3, it must A)  determine which of its members will earn W3 and which will earn W1. B)  accept that L4 - L2 members will not be able to find work in the industry. C)  accept that L3 - L2 workers will have to get a lower wage equal to W2 and L4 - L3 workers will have to get a wage of W1. D)  determine the most efficient way to get the firms to accept the wage and hire all L4 workers.
-Refer to the above figure. Suppose there are L4 workers in the union. If the union wants to set a wage rate of W3, it must


A) determine which of its members will earn W3 and which will earn W1.
B) accept that L4 - L2 members will not be able to find work in the industry.
C) accept that L3 - L2 workers will have to get a lower wage equal to W2 and L4 - L3 workers will have to get a wage of W1.
D) determine the most efficient way to get the firms to accept the wage and hire all L4 workers.

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