Copyright Robert Schenk
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3. The first two columns in table below show a firm's supply curve for labor. Use them to compute the marginal resource cost column.
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What is the profit-maximizing number of workers to hire? What wage will the firm pay?
Suppose a union negotiates a wage rate of $12.50. How many workers will the firm hire?
Suppose a union negotiates a wage rate of $15.50. How many workers will the firm hire?
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