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

question 90

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

• A)$10 per hour.
• B)$14 per hour.
• C)$18 per hour.
• D)$22 per hour.

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A situation where there is a discrepancy in expected and actual cash or assets, indicating possible errors or theft.

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The act of recording a transaction into the financial records of a company, detailing debits and credits in an accounting journal.

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