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

Long-run costs and economies of scale — practice question

The diagram shows a case in which a trade union has secured a wage, OW, for its members. Employment is at OQ. What do the trade union members maximise in this situation?

  • Atheir economic rent
  • Btheir leisure hours
  • Ctheir level of employment
  • Dtheir total amount paid in wages

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