Read the following video and watch the short videos included.

https://www.epi.org/blog/union-decline-rising-inequality-charts/

Using only your text as a reference (use of outside source will result in a zero grade) - specifically use the Appendix to the chapteras your grade is based solely on the concepts from the Appendix - "Labor Unions and Their Impacts":

a. From an economic perspective, what are the marginal benefits of private-sector unions in the U.S.?

b. From an economic perspective, what are the marginal costs of unions in the U.S.?

c. Do the marginal benefits exceed the costs? Why or why not?

Note that this is a societal level marginal analysis so your costs and benefits must be societal level. Also, marginal costs are the opportunity costs which you need to identify. Again, your grade is based on how well you apply the concepts in the appendix to the chapter.

Also Note: Do not address public unions as the dynamics are different and not covered in the text.