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Author Question: When output increases by 1%, the number of jobs ________ in the short run. One of the reasons why ... (Read 30 times)

formula1

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Question 1

Labor productivity will decrease if a firm


◦ pays efficiency wages.
◦ improves employee benefits.
◦ boosts employee morale.
◦ holds excess labor.

Question 2

When output increases by 1%, the number of jobs ________ in the short run. One of the reasons why this is true is that a firm is likely to meet some of the increase in output by increasing the number of hours worked per job.


◦ does not tend to rise by 1%
◦ tends to rise by more than 1%
◦ tends to fall by more than 1%
◦ tends to fall by 1%


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Marked as best answer by formula1 on Apr 19, 2019

laurnthompson

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formula1

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Reply 2 on: Apr 19, 2019
Excellent


smrtceo

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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