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    Economics Study Set 10
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    Exam 27: Wages Unions and Labor
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    Exhibit 27-5 ​
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Exhibit 27-5 ​

Question 93

Question 93

Multiple Choice

Exhibit 27-5
​
Exhibit 27-5 ​    -Refer to Exhibit 27-5. In case (3) , with a rise in the wage rate from W<sub>1</sub> to W<sub>2</sub>, the wage bill will rise if A) Q<sub>1</sub> x W<sub>3</sub> > Q<sub>2</sub> x W<sub>1</sub>. B) (Q<sub>3</sub> - Q<sub>2</sub>)  x W<sub>3</sub> > Q<sub>1</sub> x W<sub>1</sub>. C) (W<sub>2</sub>-W<sub>1</sub>)  x Q<sub>2</sub> > (Q<sub>1</sub> - Q<sub>2</sub>)  x W<sub>1</sub>. D) (W<sub>2</sub> - W<sub>3</sub>)  x Q<sub>2</sub> > (W<sub>2</sub> - W<sub>3</sub>)  x (Q<sub>3</sub> - Q<sub>2</sub>) .
-Refer to Exhibit 27-5. In case (3) , with a rise in the wage rate from W1 to W2, the wage bill will rise if


A) Q1 x W3 > Q2 x W1.
B) (Q3 - Q2) x W3 > Q1 x W1.
C) (W2-W1) x Q2 > (Q1 - Q2) x W1.
D) (W2 - W3) x Q2 > (W2 - W3) x (Q3 - Q2) .

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