Employment

1. Workers at these firms are trying to unionize, so they can raise wages while not causing a decrease in employment. In each case, which firm would be more successful and why? And what might be real-world examples of each type of firm? (You do not need graphs or equations.) a. Firm A has higher elasticity of substitution of K and E than Firm B. b. Firm C has higher elasticity of demand in its product market than Firm D. 2. Answer each of the questions about Tasha’s labor supply decision. Label all graphs carefully. a. Tasha is currently working 30 hours per week at wage w. She has no non-labor income. Draw a graph that represents this situation and label it fully.