In Figure 29-2, suppose that We is a wage rate of $30 per hour, and Wu is

Question:

In Figure 29-2, suppose that We is a wage rate of $30 per hour, and Wu is a wage rate of $40 per hour. In addition, QD is 12,000 workers per hour, Qe is 15,000 workers per hour, and Qs is 18,000 workers per hour. If each worker hired corresponds to a job available within the unionized industry, how many jobs must the union ration at the wage rate Wu? What is the shortage of jobs?