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    Microeconomics Study Set 46
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    Exam 13: Factor Markets
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    A Union Faces a Labor Demand Curve Given by MRP<sub>L</sub>
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A Union Faces a Labor Demand Curve Given by MRPL

Question 17

Question 17

Multiple Choice

A union faces a labor demand curve given by MRPL = 100 - 5L. If the union wishes to maximize the total wages of its membership, ____ members will be employed.


A) 20
B) 10
C) 8
D) 6

Correct Answer:

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