Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello Please give a hand with this problem I am not sure if I am doing right? Screen shot 1 is just the graph tool

image text in transcribedimage text in transcribed

Hello

Please give a hand with this problem I am not sure if I am doing right? Screen shot 1 is just the graph tool we need to use to compute the result, it is as its default number

Thanks

image text in transcribedimage text in transcribedimage text in transcribed
6. Contrasting labor union laws in two states Consider two states that adopt different laws concerning labor unions. The following graph shows the labor market in a state in the North. Initially, the market-clearing wage there is $8.00 per hour. Suppose that the legislature in this northern state passes laws that make it easy for workers to join a union. Through collective bargaining, the union negotiates a wage of $10.00 per hour. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Graph Input Tool 16 Market for Labor 14 Supply Wage ( Dollars per hour) 2.00 WAGE (Dollars per hour) 12 Labor Demanded Labor Supplied (Thousands of 1,400 (Thousands of 200 workers, workers, 10 Demand 200 400 600 800 1000 1200 1400 1600 LABOR (Thousands of workers)Enter $10.00 into the box labeled Wage on the previous graph. Hint: Be sure to pay attention to the units used on the graph. At the union wage, 10 union workers will be employed. The following graph shows the labor market in a state in the South. The legislature in this state passes strong "right-to-work" laws that make it very difficult for unions to organize workers, so the wage is always equal to the market-clearing value. Except for this difference in legislation, the two states are very similar. The initial position of the graph corresponds to the initial labor market condition in the southern state before the labor union negotiated the new, higher wage for workers in the northern state. Suppose that after the wage goes up in the northern state, some workers in the northern state lose their jobs and decide to move to the southern state. Adjust the graph to show what happens to employment and wages in the southern state.O Supply Demand Supply WAGE Demand LABOR Which of the following groups are worse off as a result of the union action in the northern state? Check all that apply. Workers in the northern state employed at the union wage O Employers in the northern state All workers in the northern state The original workers in the southern state

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial ACCT2

Authors: Norman H. Godwin, C. Wayne Alderman

2nd edition

9781285632544, 1111530769, 1285632540, 978-1111530761

Students also viewed these Economics questions

Question

Briefly define Galens constitutional types.

Answered: 1 week ago

Question

How does selection differ from recruitment ?

Answered: 1 week ago