How might an increase in productivity alter the diagram

Reference no: EM132179393

Question: 1. Why is the productivity of the average American worker likely to be higher than that of a worker in the Soviet Union?

2. A trade union negotiates a wage rate which is greater than marginal revenue product. Use a diagram to illustrate that not all members of the union can expect to benefit from this in the long run. How might an increase in productivity alter this diagram?

Reference no: EM132179393

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