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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 a
non-union plumber. Suppose the total short-run supply of plumbers is perfectly inelastic at 500
workers per day. Union workers can often guarantee their work in ways non-union plumbers
cannot, so demand for union workers is slightly higher. Let the demand for nonunion plumbers
be WNU = 30 - 0.04L and the demand for unionized plumbers be given by WU = 30 - .1L. Wages
are 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.

This question was asked on Mar 16, 2010.

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