In Some Markets Plumbers Have a Choice of Joining Unions

question 98

Essay

In some markets plumbers have a choice of joining unions or working as nonunion plumbers. The total short-run supply of plumbers is perfectly inelastic at 500 workers per day. The demands for nonunionized and unionized plumbers, respectively, are:
W_NU = 30 - 0.04L W_U = 30 - 0.10L.
The wage rate is W in $/hr. and the number of workers per day is L.
a. Determine the total demand for plumbers.
b. Calculate the total market wage rate of plumbers assuming that unionized and nonunionized plumbers get the same wage rate.
c. If the unionized workers succeeded in getting their wage increased to $20.00 per hour, how many unionized workers would lose their jobs?
d. If the unionized workers in (c) who lost their jobs take jobs as non-unionized workers, how much and in what direction would non-unionized wages change?

Identify strategies to acquire necessary nutrients for specific populations.

Comprehend the role of sunlight in vitamin D production.

Understand the concept and significance of energy density in food.

Recognize how food labels and standards guide healthy eating.

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Definitions:

Cultural Stereotypes

Oversimplified and generalized beliefs or opinions about characteristics, attributes, and behaviors of members of a particular culture.

Strategies

Plans or methods designed for achieving specific goals or outcomes.

Authoritative Parenting

A parenting style characterized by high responsiveness and high demands, promoting independence while setting clear standards.

Cultures

The shared practices, values, beliefs, and artifacts that characterize groups of people or societies.