22.7 Suppose a union has a fixed supply of labor to sell. If the union desires to...

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22.7 Suppose a union has a fixed supply of labor to sell. If the union desires to maximize the total wage bill, what wage rate will it demand? How would your answer change if unemployed workers were paid unemployment insurance at the rate u per worker and the union now desired to maximize the sum of the wage bill and the total amount of unemployment compensation?

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