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In the city of New York, plumbers have the option of joining a union or working as a non-union plumber. Suppose the total short-run supply of...
In the city of New York, plumbers have the option of joining a union or working as anon-union plumber. Suppose the total short-run supply of plumbers is perfectly inelastic at 500workers per day. Union workers can often guarantee their work in ways non-union plumberscannot, so demand for union workers is slightly higher. Let the demand for nonunion plumbersbe WNU = 30 - 0.04L and the demand for unionized plumbers be given by WU = 30 - .1L. Wagesare specified as dollars per hour of work, and L represents the number of workers per day.Determine the total demand for plumbers in New York.
