To Raise Wages,labor Unions Can Force a Shift in the Labor

question 67

Multiple Choice

To raise wages,labor unions can force a shift in the labor supply curve by

• A) being willing to work longer hours as wage rates rise.
• B) favoring legislation to reduce immigration.
• C) negotiating an increase in wages.
• D) encouraging an increase in union membership.
• E) increasing the demand for the final product.

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Definitions:

Crossover Rate

The point at which two projects have the same net present values and discounted cash flows, used in assessing investment options.

WACC

The Weighted Average Cost of Capital represents a calculation of a company's capital costs, where each capital category is weighted in proportion to its total makeup.

NPV

Net Present Value (NPV) is a financial metric that calculates the present value of all cash flows, both incoming and outgoing, associated with a project or investment.

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity, solvency, and operational capabilities.