Multiple Choice
Initially a firm pays a wage and gets an output per worker which are given index numbers of 1.00.Five possible 3 percent increases in the wage and the accompanying output per worker are as follows: 1.03 and 1.09,1.06 and 1.17,1.09 and 1.24,1.13 and 1.29,1.16 and 1.31.What is the efficiency wage?
A) 1.03
B) 1.06
C) 1.09
D) 1.13
E) 1.16
Correct Answer:
Verified
Correct Answer:
Verified
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