A Monopolist Union That Desired to Maximize Its Total Wage

question 3

Multiple Choice

A monopolist union that desired to maximize its total wage bill (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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