Managers at Acme Accessories are talking with employee union representatives during the collective bargaining process. During the negotiation discussions for employee salaries, the managers offered to increase the starting wage of Tech Level 1 employees to $15.15 per hour. The union originally asked for a wage of $16.25. Eventually, they agreed upon a wage of $15.60. Although neither side revealed their hand to the other party, management was actually willing to go up to a maximum of $15.80 and the union was actually willing to settle as low as $15.30