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Author Question: Efficiency wage theory suggests that firms may hold wages above the market clearing rate because (Read 55 times)

Frost2351

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on: Apr 19, 2019

Question 1

Refer to the information provided in Figure 28.2 below to answer the question(s) that follow.





Refer to Figure 28.2. If this firm pays the efficient wage of $9


◦ the firm's demand for labor will decrease until $9 is also the equilibrium wage.
◦ the supply of labor will increase until $9 is also the equilibrium wage.
◦ there will be an excess demand for labor of 3,000.
◦ there will be an excess supply of labor of 3,000.

Question 2

Efficiency wage theory suggests that firms may hold wages above the market clearing rate because


◦ they believe that the productivity of workers increases with the wage rate.
◦ unspoken agreements between workers and firms are in place.
◦ it is required by law that they do so.
◦ long-term contracts fix wage rates for a period of one to three years.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Frost2351 on Apr 19, 2019

sylvia

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Frost2351

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Reply #2 on: Apr 19, 2019
Excellent


sylvia

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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