A firm's demand for labor curve is the same as the firm's

Why does a price increase of a product result in a decrease in the quantity demanded of that product, according to utility analysis?

What will be an ideal response?

Featherbedding refers to

A. the union using its members' dues to fund political activities. B. one union using a previously negotiated contract as a starting point for its own negotiations. C. the union requiring the firm to hire more workers than are actually needed to perform a particular task. D. negotiating better fringe benefits than nonunion workers. E. firing high-wage workers when the union goes on strike.