Suppose that management and labor are bargaining over the distribution of excess profits amounting to $200 per worker. Suppose that failure to reach an agreement an agreement reduces managements share of the surplus by 5 percent per round and reduces labors share of the surplus by 7 percent per round. There is a potentially unlimited number of negotiating rounds and labor makes the first offer. Approximately __________ of the excess profits will go to labor. Answers: a. $130 b. $70 c. $119 d. $55 e. $81