If the workers of a firm successfully negotiate an increase in wages, which of the following...
If the workers of a firm successfully negotiate an increase in wages, which of the following is most likely to happen?
Homework Answers
If the workers of a firm successfully negotiate an increase in wages, the supply curve of the product, the firm produces will shift to the left. This is because of the rise in the input cost for the producer and with no rise in price the profitability will fall.
Thus the firm will now have less incentive to supply at current price.
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If the workers of a firm successfully negotiate an increase in
wages, which of the following...
0.4 pts Question 11 Suppose firms decide to increase the wages they pay to workers. Which...
0.4 pts Question 11 Suppose firms decide to increase the wages they pay to workers. Which of the following are correct? Select all of the correct choices The quantity demanded of the goods sold by the firms is likely to increase. The supply curve will shift to the right The prices of the goods sold by the firms are likely to increase. As price increases there is an upward movement along the demand curve
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receive an increase in wages of 3 percent and the Workers in country A receive an...
receive an increase in wages of 3 percent and the Workers in country A receive an increase in wages of 10 percent at the same time the inflation rate in country A is 8 percent. Workers in country inflation rate in country Bis 1 percent. In which country are workers better oft? O a. Country B because the inflation rate is lower O b. Neither country because the increase in real wages is the same. Country A because their real...
1) If the average product of 14 workers is 50 bushels of wheat and the average...
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If the automobile workers’ union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of automobiles?
The existence of sticky wages suggests that some unemployment is caused by workers' or firms' unwillingness...
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Assume that assembly workers at GM receive wages that are comparable to those received by assembly...
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Assume that assembly workers at GM receive wages that are comparable to those received by assembly...
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Incorrect Question 4 0/0.1 pts An increase in productivity throughout the economy will likely lead to...
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0.4 pts Question 11 Suppose firms decide to increase the wages they pay to workers. Which of the following are correct? Select all of the correct choices The quantity demanded of the goods sold by the firms is likely to increase. The supply curve will shift to the right The prices of the goods sold by the firms are likely to increase. As price increases there is an upward movement along the demand curve
receive an increase in wages of 3 percent and the Workers in country A receive an increase in wages of 10 percent at the same time the inflation rate in country A is 8 percent. Workers in country inflation rate in country Bis 1 percent. In which country are workers better oft? O a. Country B because the inflation rate is lower O b. Neither country because the increase in real wages is the same. Country A because their real...
The existence of sticky wages suggests that some unemployment is caused by workers' or firms' unwillingness to negotiate wage cuts. wages will be constant over the business cycle. workers hold all of the bargaining power in wage negotiations. nominal wages are eroded during a period of inflation.
Incorrect Question 4 0/0.1 pts An increase in productivity throughout the economy will likely lead to a wage rate. in the • decrease increase indeterminate Incorrect Question 5 0/0.1 pts Which of the following is not a reason that a firm may have monopsony power in the labor market? Worker productivity is unknown with certainty (to firms and to themselves). The firm is one of only a small number of forms in the industry. • The firm is one of...
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