The decline in unionization can be explained by all of the following except Multiple Choice O downsizing of major corporations. O increased levels of taxation. O increased global competition. O a relative decline in manufacturing.Shifts of Labor Supply and Labor Demand Wage Rate Wage Rate Quantity Quantity of Labor of Labor (A) (B) Wage Rate Wage Rate Quantity Quantity of Labor of Labor (C) (D) Pick the panel that would best model the following scenario: The number of employers decreases. Multiple Choice O D O A O B OTB MC Qu. 08-50 The marginal revenue product of... The marginal revenue product of labor is Multiple Choice the additional output from hiring one more worker. O the additional revenue a firm receives from hiring one more worker. O equal to the price of the product times the wage rate. O equal to the marginal physical product of labor times the wage rate.Opportunity wages are best illustrated by Multiple Choice O workers paid according to their marginal revenue product. O union wages. O managerial pay