Economics 9708 · AS & A Level · Long-run costs and economies of scale

Long-run costs and economies of scale — practice question

(a)[12]

Explain, using economic analysis, why a worker’s supply curve takes its shape and how this court judgement could change the number of hours worked.

(b)[13]

Discuss whether a trades union can always raise the wage rate of its members without changing the level of employment.

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