A Monopolist Union That Desired to Maximize Its Total Wage $\text { W.L }$

question 35

Multiple Choice

A monopolist union that desired to maximize its total wage bill ( $\text { W.L }$ ) would offer that quantity of labor for which

• A)labor's marginal productivity is zero.
• B)labor's wage falls to zero.
• C)the quantity of labor hired is as great as possible given the firm's demand curve.
• D)the marginal revenue from providing one more worker to the market is zero.

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Definitions:

Deport

To forcibly remove a person from a country, typically based on legal grounds or as a consequence of violating immigration laws.

Recession

An interval of brief economic contraction characterized by diminished trade and industrial output, usually noted by a decline in GDP for two successive quarters.

Union Membership

The status of being a member of a labor union, which is an organization that represents workers' interests, such as wages and working conditions.

Private Sector

The private sector encompasses all businesses and industries that are not owned or operated by the government and operate for profit.