If a Union Seeks to Maximize the Total Wage Bill

Multiple Choice

If a union seeks to maximize the total wage bill received by its members:

A) It should seek to attain the alternative wage rate.
B) It should seek to negotiate a Pareto-efficient contract.
C) It cannot be done without driving the firm bankrupt.
D) None of these answers are correct.
E) It should seek to attain the highest possible wage rate.