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

question 90

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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.At what wage in Table 31.1 would the union maximize the amount of dues it collects?

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Definitions:

Adhocracy

A flexible, adaptable, and informal organizational structure that is defined by a lack of rigid procedures, roles, and hierarchies, facilitating innovation and creativity.

Mutual Adjustment

A process of coordinating actions and decisions through informal communication and negotiation among parties.

Support Staff

Employees who provide administrative or technical support to an organization, enabling primary operations without being directly involved.

Formalization

The extent to which organizations use rules, procedures, and structured communication to govern behaviors and operations.

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