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Suppose that a car factory initially hires 1,600 workers at $20 per hour and that each worker works 40 hours per week. Then the factory
Suppose that a car factory initially hires 1,600 workers at $20 per hour and that each worker works 40 hours per week. Then the factory unionizes, and the new union demands that wages be raised by 10 percent. The firm accedes to that request in collective bargaining negotiations but then decides to cut the factory's labor force by 20 percent due to the higher labor costs. Instructions: Enter your answers as a whole number. a. What is the new union wage? $ Book How many workers does the factory employ after the agreement goes into effect? workers Print b. How much in total did the factory's workers receive in wage payments each week before the agreement? $1 references How much do the factory's remaining workers receive in wage payments each week after the agreement? c. Suppose that the workers who lose their jobs as a result of the agreement end up unemployed. By how much do the total wages received each week by the initial 1,600 workers (both those who continue to be employed at the factory and those who lose their jobs) change from before the agreement to after the agreement? Total wage v (Click to select) $ rise d. If the worke fall as a result of the agreement end up making $15 per hour at jobs where they work 40 hours per week, by how ges received each week by the initial 1,600 workers change from before the agreement to after the agreement? Total wages (Click to select v] by $
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