Asked by
Rhoda Youngster
on Dec 17, 2024
Verified
Refer to Figure 19-3. Suppose the manufacturing labor market, which is nonunionized, is in equilibrium at a wage equal to $25. Suppose now that the AFL-CIO (a labor organization) organizes the workers in the manufacturing market and negotiates a wage of $30 per hour. After the workers become unionized, how many workers do manufacturing firms collectively hire?
A) 160 workers
B) 200 workers
C) 240 workers
D) There is not enough information to determine the number of workers.
AFL-CIO
The American Federation of Labor and Congress of Industrial Organizations, a federation of labor unions in the United States.
Manufacturing Firms
Companies involved in the transformation of raw materials, components, or parts into finished goods that meet a consumer's demand or specifications.
Unionized Workers
Employees who are members of a union, a group that negotiates with employers for better wages, benefits, and working conditions.
- Examine the impact of labor unions on salary scales and job quantities.
- Understand labor market trends by assessing supply and demand data.
Verified Answer
PD
Learning Objectives
- Examine the impact of labor unions on salary scales and job quantities.
- Understand labor market trends by assessing supply and demand data.