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Consider a regional economy with a union and non-union sector. In the union sector LS = -15 8W and LD = 50 - 2W and.
Consider a regional economy with a union and non-union sector. In the union sector LS = -15 8W and LD = 50 - 2W and. In the non-union sector, LS = -20 12W and LD = 60 - 4W. Question A Calculate the initial equilibrium wage in the the union sector: $ Calculate the initial equilibrium employment in the the union sector: Question B Calculate the initial equilibrium wage in the the non-union sector: $ Calculate the initial equilibrium employment in the the non-union sector: Question C What is the relative union wage advantage before union members negotiate for higher pay? % Question D If the union insists on a wage of $9/hr, how many union workers will lose their job
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