FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls asap tell the correct option The efficiency wage theory argues that (a) Firm choose to pay a lower wage than the classical equilibrium wage,

pls asap tell the correct option

image text in transcribed
The efficiency wage theory argues that (a) Firm choose to pay a lower wage than the classical equilibrium wage, thus the real wage is lower than the wage at which the labor market clears (b) Firm choose to pay a lower wage than the classical equilibrium wage, thus the real wage is higher than the wage at which the labor market clears (c) Firm choose to pay a higher wage than the classical equilibrium wage, thus the real wage is lower than the wage at which the labor market clears. (d) Firm choose to pay a higher wage than the classical equilibrium wage, thus the real wage is higher than the wage at which the labor market clears

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding The Law

Understanding The Law

Authors: Donald L Carper, John A McKinsey, Bill W West

5th Edition

0324375123, 9780324375121

More Books

Students also viewed these Economics questions

Question

★★★★★
What is a mixture? Cite two examples.

Answered: 1 week ago

Question

★★★★★
Birth rates in the 50 states, collected in a recent year by the Center for Health Statistics, are grouped into the following frequency table. Endpoint convention: Lower endpoint is included, upper...

Answered: 1 week ago

Question

★★★★★
In a hand of bridge, each of the four players receives 13 cards from a standard pack of 52 cards. Nick and Leopold are partners. What is the probability that, in a given hand, Nick has at most one...

Answered: 1 week ago

Question

★★★★★
Among its other features, the MyTVLab website allows customers to purchase MyTVLab LifeStyles merchandise online. To handle payment processing, the management of MyTVLab has contracted with the...

Answered: 1 week ago

Question

★★★★★
Woodpecker Co . has $ 2 9 7 , 0 0 0 in accounts receivable on January 1 . Budgeted sales for January are $ 9 2 0 , 0 0 0 . Woodpecker Co . expects to sell 2 0 % of its merchandise for cash. Of the...

Answered: 1 week ago

Question

★★★★★
Joe and Jessie are married and have one dependent child, Lizzie. Lizzie is currently in college at State University. Joe works as a design engineer for a manufacturing firm while Jessie runs a craft...

Answered: 1 week ago

Question

★★★★★
bottle neck 4. (10 points) The followinh table shows an operations in a manufacturing facility. Which resaource is the bottle neck and why? Activity Time [Min./Unit] 10 Number of Workers Utilization...

Answered: 1 week ago

Question

★★★★★
According to the article from your readings this week titled Active Defense: Using Deception and Trickery to Defeat Cyber Adversaries, what is the name of MITRE's cybersecurity framework built to...

Answered: 1 week ago

Question

★★★★★
III HW 7.3 Question 1 of 4 (1 point) | Question Attempt: 1 of Unlimited = 1 2 3 = 4 Manual Transmission Automobiles In a recent year, 6% of cars sold had a manual transmission. A random sample of...

Answered: 1 week ago

Question

★★★★★
The demand for E-Chupetin47 is very stable at 7900 units per month with virtually no variability. BabyGear pays $20 for each pacifier, and sells each unit for $35. The annual holding rate for these...

Answered: 1 week ago

Question

★★★★★
In this section you need to find an online newspaper article that discussed privacy/ security breaches Involving social media or on customer data stolen from an organization by cybercriminals Your...

Answered: 1 week ago

Question

★★★★★
A cantilever beam is subjected to a uniformly-distributed load with an intensity of w. The beam has a Young's modulus of En, a length of 1 and 2nd moment of area of I.. A W B R a) Given the moment...

Answered: 1 week ago

Question

★★★★★
Write a program to allow the user to create an triangle and calculate the area. The program will prompt the user to enter the x-coordinate and y-coordinate of each vertex (tip) of the triangle. After...

Answered: 1 week ago

Question

★★★★★
10. Find a news article in a daily newspaper, and answer the following questions: (a) Does the information in the article support your views and attitudes or does it conflict with them? (b) Does the...

Answered: 1 week ago

Question

★★★★★
2. Give an example where information that is emotionally interesting, specific and close in time and space, can be used to capture someones interest.

Answered: 1 week ago

Question

★★★★★
7. How can an interpreter influence the utterer (sender)?

Answered: 1 week ago

Previous Question Next Question