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

question 60

Multiple Choice

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

$\text { Table } 31.1$ 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?

• A)2.
• B)4.
• C)6.
• D)8.

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A state of well-being, happiness, or satisfaction.

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The notion or principle that certain individuals or groups are considered worthy of receiving support, assistance, or aid due to their circumstances or conditions.

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