Chapter 14: Q. 19 (page 350)
What is the long-term trend in American union membership?
Short Answer
In recent years, union membership has been falling.
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Chapter 14: Q. 19 (page 350)
What is the long-term trend in American union membership?
In recent years, union membership has been falling.
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Describe how affirmative action is applied in the labor market.
Table 14.11 shows levels of employment (Labor), the marginal product at each of those levels, and a monopoly’s marginal revenue.
| Labor | Marginal product of labor | Price of the product |
| 1 | 10 | \(10 |
| 2 | 8 | \)7 |
| 3 | 7 | \(5 |
| 4 | 5 | \)4 |
| 5 | 3 | \(2 |
| 6 | 1 | \)1 |
a. What is the monopoly’s marginal revenue product at each level of employment?
b. If the monopoly operates in a perfectly competitive labor market where the going market wage is $20, what is the firm’s profit maximizing level of employment?
Describe how the earnings gap between blacks and whites has evolved in recent decades.
Do countries with a higher percentage of unionized workers usually have less growth in productivity because of strikes and other disruptions caused by the unions? Why or why not?
Would you expect the presence of labor unions to lead to higher or lower pay for worker-members? Would you expect a higher or lower quantity of workers hired by those employers? Explain briefly.
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