Refer to Figure 9.2. At price 0E and quantity Q*, producer surplus is the area

A) 0ACQ*.
B) 0ECQ*.
C) 0FCQ*.
D) EFC.
E) none of the above

E

Economics

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Using the data in the above table, the labor force is ________ million

A) 215 B) 120 C) 125 D) 165

Economics

Evidence in support of the hypothesis that unions increase the productivity of union workers is

A) the fact that union wages are greater than nonunion wages. B) there is an excess supply of labor at the union wage rate. C) that unionized firms face lower turnover rates than nonunion firms do. D) that most contracts are settled without a strike.

Economics