The Economy Today
Quiz 31: Labor Unions
The Desired Level of Union Employment Occurs Where the Market
The desired level of union employment occurs where the market wage curve intersects the labor supply curve.
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A union will try to increase employment for its members as long as the marginal wage is positive.
A union never wants to accept a negative marginal wage.
In a monopoly labor market,the optimal union wage can be read off the marginal revenue product curve.
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