Question

The contract curve represents options for a union contract that are A. Less efficient than the...

The contract curve represents options for a union contract that are

A. Less efficient than the union's preferred wage.

B. At a wage lower than the competitive market wage.

C. More efficient than the union's preferred wage.

D. Associated with levels of employment above the competitive level.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Arrangement : Less effective than the association's favored compensation.

On the off chance that the two gatherings consent to an agreement that called for them to situate at point e, with We and Ee, the association is in an ideal situation since it is still on the equivalent U2 lack of concern bend; and the firm is likewise happier in light of the fact that it would now be able to achieve a more elevated amount of benefits given by isoprofit bend I1 .

Association wage is at first Wu however after contract - association wage is We.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. A monopsony has market power and will pay ________ wages than a(n) ________ labor market...
1. A monopsony has market power and will pay ________ wages than a(n) ________ labor market will pay. A. more; competitive B. more; noncompetitive C. less; competitive 2. When a union in the U.S. is able to sell its labor to for-profit businesses, those business must ________. A. pay wages exactly where the demand and supply labor curves intersect B. pay wages below the market equilibrium for wages C. pay wages matching the preferred equilibrium wage chosen by these businesses...
Private supply of public goods is most likely to result in less than the efficient level...
Private supply of public goods is most likely to result in less than the efficient level of output, due to the free-rider problem less than the efficient level of output, due to the problem of insufficient competition more than the efficient level of output, due to lower costs of private firms more than the efficient level of output, due to the existence of externalities an overuse of these goods.
QUESTION 64 The sticky-wage theory of the short-run aggregate supply curve says that when the price...
QUESTION 64 The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected, a. production is less profitable and employment falls. b. production is less profitable and employment rises. c. production is more profitable and employment rises. d. production is more profitable and employment falls. 1 points    QUESTION 65 Other things the same, if technology increases, then in the long run a. both output and prices are lower. b. both output...
1. When total revenue is less than variable costs in the short run, what will a...
1. When total revenue is less than variable costs in the short run, what will a firm in a competitive market do? Select one: a. It will continue to operate as long as average revenue exceeds marginal cost. b. It will shut down. c. It will continue to operate as long as average revenue exceeds average fixed cost. d. It will always exit the industry. 2. Consider a monopoly that is able to practice perfect price discrimination. Which of the...
3)      Explain why the following statements are true or false:                            &nbs
3)      Explain why the following statements are true or false:                                                        A: Exporting a good reduces consumer surplus therefor overall economic welfare decreases.                                                               B: Importing a good reduces producer surplus therefore overall economic welfare decreases.                                                      C: A tariff reduces imports, increases domestic production and producer surplus therefore overall economic surplus increases.        D: Export subsidies increase both consumer and producer surplus thereof they improve overall net economic welfare. 
     .    4) Explain why the following statements are either true or false:...
1. Both your real wage and your nominal wage fell, which of the following must be...
1. Both your real wage and your nominal wage fell, which of the following must be true. a.         Inflation is positive but less than the rate of increase in your wage. b.         Deflation has occurred. c.         your boss took some of your wages illegally. d.         The overall price level has fallen more than your nominal wage. e.         None of the above. 2. The invention of new technology has increased ________ unemployment. a.         structural                     d.         frictional b.         cyclical                        e.        ...
1. We cannot estimate a labor supply curve by regressing observed employment levels on observed wages...
1. We cannot estimate a labor supply curve by regressing observed employment levels on observed wages in an industry: A. do have much data on either wages or employment for the U.S. economy. B. observed data points are the result of changes in both demand and supply and a plot of the relationship among these points would directly reflect neither demand nor supply. C. labor supply curves are always horizontal. D. labor supply curves are upward sloping 2. an increase...
number 10 A perfectly competitive producer’s demand curve is: a. downward sloping but more elastic than...
number 10 A perfectly competitive producer’s demand curve is: a. downward sloping but more elastic than the market-demand curve. b. also the market-demand curve. c. upward sloping. d. a vertical line. e. a horizontal line.
Which of the following best describes why a monopoly market structure is not allocatively efficient? a)...
Which of the following best describes why a monopoly market structure is not allocatively efficient? a) The monopolist restricts production, resulting in the MSB being less than the MSC b) The monopolist restricts production, resulting in the MSB being greater than the MSC. c) In the presence of a monopoly there exist negative externalities in production d) In the presence of a monopoly the demand curve no longer represents MSB
Which of the following statements is (are) false? Question options: a. All mean-variance efficient portfolios are...
Which of the following statements is (are) false? Question options: a. All mean-variance efficient portfolios are combinations of the market portfolio and the risk-free asset b. If two mean-variance efficient portfolios are combined, the result is a mean-variance efficient portfolio c. If the market portfolio is the tangency portfolio, then the relationship between risk and return is best described as parabolic d. All of the above are true statements
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT