Which of the Following Union Tactics, If Successful, Would Increase

question 115

Multiple Choice

Which of the following union tactics, if successful, would increase wages and create a surplus of labor?

• A)collective bargaining to fix the wage above the competitive level
• B)decreasing the marginal revenue product of the union workers
• C)increasing the demand for union-made products
• D)restricting the supply of nonunion products that compete with union-made products
• E)increasing labor productivity by minimizing conflicts and resolving differences between labor and management

---

Definitions:

Diseconomies of Scale

A situation where a company or organization grows so large that the costs per unit increase.

Long-run

A period in economics sufficient for all markets to adjust to changes, including those made in physical capital or production capacities.

Average Total Cost

The total cost of producing a particular quantity of output divided by the quantity of output produced, encompassing both fixed and variable costs.

Input Prices

The cost of resources used in the production of goods and services.