1) If 1 worker is hired at $20/hr and a 2nd worker is hired at $16/hr, then the marginal wage is 2) What is a "union shop" and how is it different than a business in a "right to work" state? 3) Draw a labor supply and demand graph. Include the marginal wage and marginal factor cost. Label where a competitive market would be (QA, WageA), a labor union (QB, WageB), and a monopsonist (QC, WageC). to 4) The purpose of the financial system is to transfer money from