Multiple Choice
An efficiency wage is
A) a wage payment necessary to compensate workers for risk of injury on the job.
B) a "wage" that contains a profit-sharing component as well as traditional hourly pay.
C) an above-market wage that minimizes a firm's labor cost per unit of output.
D) a wage that automatically rises with the national index of labor productivity.
Correct Answer:
Verified
Correct Answer:
Verified
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