-Refer to the Above Figure $\mathrm { L } _ { 4 }$

question 70

Multiple Choice

-Refer to the above figure.Suppose there are $\mathrm { L } _ { 4 }$ workers in the union.If the union wants to set a wage rate of $\mathrm { W } _ { 3 }$
,it must

• A)determine which of its members will earn \(\mathrm { W } _ { 3 }\) and which will earn \(\mathrm { W } _ { 1 }\) .
• B)accept that \(\mathrm { L } _ { 4 }\) - \(\mathrm { L } _ { 2 }\) members will not be able to find work in the industry.
• C)accept that \(\mathrm { L } _ { 3 }\) - \(\mathrm { L } _ { 2 }\) workers will have to get a lower wage equal to \(\mathrm { W } _ { 2 }\) and \(\mathrm { L } _ { 4 }\) - \(\mathrm { L } _ { 3 }\) workers will have to get a wage of \(\mathrm { W } _ { 1 }\) .
• D)determine the most efficient way to get the firms to accept the wage and hire all \(\mathrm { L } _ { 4 }\) workers.

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Definitions:

Proposition

A statement that expresses a judgement or opinion.

Proposition

A statement that expresses a judgment or opinion, which can be either true or false.

Statement

A declarative sentence that is capable of being true or false.

Grass

Plants belonging to the family Gramineae that are common worldwide in varied habitats and used for lawns, food, and fodder.