A union has negotiated a contract that states the following: work up to 40 hours per week will be paid at a base rate of $10 per hour. All work in excess of 40 hours, but less than 48 hours will be paid at a rate equal to 1 1 times the base rate. Any work in excess of 48 hours will be paid at double 2
Time. This pay scale agrees with
A) the law of supply.
B) ceteris paribus.
C) the law of demand.
D) the law of supply and demand.
E) can't tell with the information provided.

Question

Quizplus · Accepted Answer

The Answer of A union has negotiated a contract that states the following: work up to 40 hours per week will be paid at a base rate of $10 per hour. All work in excess of 40 hours, but less than 48 hours will be paid at a rate equal to 1 1 times the base rate. Any work in excess of 48 hours will be paid at double 2
Time. This pay scale agrees with
A) the law of supply.
B) ceteris paribus.
C) the law of demand.
D) the law of supply and demand.
E) can't tell with the information provided.

A Union Has Negotiated a Contract That States the Following