Table 311 Table 311 Shows the Number of Workers a Firm Is Willing

question 136

Multiple Choice

Table 31.1 $$\begin{array} { | r | c | c | c | } \hline \begin{array} { c } \text { Wage rate (dollars } \\\text { per hour) }\end{array} & \begin{array} { c } \text { Labor demanded } \\\text { (workers) }\end{array} & \begin{array} { c } \text { Total labor cost } \\\text { (dollars per hour) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Wage (dollars per } \\\text { worker) }\end{array} \\\hline \$ 26 & 0 & & \text { - } \\\hline 24 & 2 & & \\\hline 18 & 4 & & \\\hline 14 & 6 & & \\\hline 10 & 8 & & \\\hline\end{array}$$ Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates.Complete the table by computing the total wage bill (total labor cost) and the marginal wage.Assume the union collects dues of 1 percent of the total wage bill.How many workers would the union want hired in Table 31.1 if its goal was to maximize the amount of dues collected?

• A)2.
• B)4.
• C)6.
• D)8.

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Definitions:

Pulmonary Semilunar Valve

A valve in the heart located between the right ventricle and the pulmonary artery, preventing backflow of blood into the heart.

Pulmonary Artery Trunk

The main vessel that carries deoxygenated blood from the right ventricle of the heart to the lungs for oxygenation.

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The process where the ventricles of the heart contract to pump blood out of the heart.