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 Table 31.1\text { Table } 31.1 Table 311 Shows the Number of Workers a Firm Is Willing

question 60

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 Wage rate  (dollars per hour)   Labor demanded  (workers)   Total labor cost-hourly (dollars per hour)  Marginal wage(dollars per worker)  $260222184146108\begin{array}{cc}\begin{array}{c}\text { Wage rate } \\\text { (dollars per hour) }\end{array} & \begin{array}{c}\text { Labor demanded } \\\text { (workers) }\end{array}& \begin{array}{c}\text { Total labor} \\\text { cost-hourly}\\\text { (dollars per hour) } \end{array} & \begin{array}{c}\text {} \\\text { Marginal wage}\\\text {(dollars per worker) } \end{array} \\\$ 26 & 0&\underline{\quad\quad}&\underline{\quad\quad} \\22 & 2 &\underline{\quad\quad}&\underline{\quad\quad}\\18 & 4 &\underline{\quad\quad}&\underline{\quad\quad}\\14 & 6 &\underline{\quad\quad}&\underline{\quad\quad}\\10 & 8&\underline{\quad\quad}&\underline{\quad\quad} \end{array}

 Table 31.1\text { Table } 31.1 Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates.Complete the table by computing the total wage bill (total labor cost) and the marginal wage.Assume the union collects dues of 1 percent of the total wage bill.How many workers would the union want hired in Table 31.1 if its goal was to maximize the amount of dues collected?


Definitions:

Pitch Determination

The process of identifying the frequency of a sound, which dictates how high or low it appears to a listener.

Sound Waves

Noise that is transmitted through the air or another vehicle, becoming detectable when it encounters the ears of either people or animals.

Decibels

A unit of measurement for sound intensity or loudness, indicating the level of noise in comparison to a reference sound.

Hertz

The unit of frequency in the International System of Units (SI), signifying one cycle per second.

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