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eBookReferencesItem $18$

In the graph, the horizontal axis is labeled Quantity of Labor $($workers per hour$)$ and the vertical axis is labeled Wage Rate $($dollars per hour$).$ The graph shows two falling slopes labeled Marginal Wage and Demand from top left to the bottom right and a rising slope labeled Supply from bottom left to top right. The slope Supply passes through $(10,3),(13,4),(16,5),(24,8),$ and $(32,11).$ The Marginal Wage intersects the Supply at $(10,3)$ and Demand intersects Supply at $(16.5).$ All values are approximated.

Refer to the figure. What are the optimal wage and employment level, respectively, from the perspective of a union?

Multiple Choice

$$11$; $32$ workers

$$5$; $16$ workers

$$4$; $13$ workers

$$8$; $10$ workers