Refer to Table 3

question 12

Multiple Choice

Refer to Table 3.2,which shows some costs and benefits of having your car repaired.What is the marginal cost of the 5^th hour spent on repairs?

• A) $360
• B) $435
• C) $510
• D) $780

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Definitions:

Local Union

A branch or chapter of a larger labor union that represents workers in a specific location or area.

Interest-Based Bargaining

A negotiation strategy where parties collaborate to find mutually beneficial solutions based on their underlying interests, rather than competing over fixed positions.

Adversarial Bargaining

A negotiation strategy where parties see each other as opponents and aim to win concessions, often compromising the relationship.

Mutual Interests

Shared objectives or benefits among parties in a negotiation or relationship that can lead to more cooperative and productive outcomes.