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Solve asap and give correct answer and explain it If a union is successful in negotiating a wage rate which is above the market clearing

Solve asap and give correct answer and explain it

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If a union is successful in negotiating a wage rate which is above the market clearing wage, then which of the following would not occur? O To handle the surplus of labor the union will form a closed shop. O The union may shift the supply of labor curve by developing methods to ration jobs. O The higher wages attract more workers leading to a shortage of jobs. O Management may replace part of the workforce with machinery. Question 17 5 pts Quantity Hourly Total Marginal of Labor Wage Rate Wage Bill Factor Cost GURUNEO $10 12 14 16 18 20 In the above table, what is the marginal factor cost of the 2nd worker? O $12 O $24 O $64 O $14Which of the following is NOT considered to be a benefit of unionism? O provision of arbitration and grievance procedures O higher workforce stability O increased featherbedding O greater workplace safety

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