Question
As an employer wants to reduce the production cost during the economic recession, he/she could choose to (1) lay off some workers without changing wages
As an employer wants to reduce the production cost during the economic recession, he/she could choose to (1) lay off some workers without changing wages or (2) keep all workers but cut wages for all. Which method would you choose? Why?
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Foundations of Mathematical Economics
Authors: Michael Carter
1st edition
262531925, 978-0262531924
