EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 8220103632225
Author: PARKIN
Publisher: PEARSON
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Question
Chapter 24, Problem 8MCQ
To determine
To select:
The option that correctly states what is not a result of the efficiency wage.
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Students have asked these similar questions
The work force of a certain factory is growing at rate of 2 per month while the average productivity of a worker is growing at a rate of 4 units per month. If the work force is currently 100 and the average productivity per month is 200 units, at what rate is the total productivity per month of the factory increasing?
(a) What happens if the work force is declining by 2 per month?
(b) What happens if the average productivity is decreasing by 5 per month?
ngs
Use the following word bank to complete the fill-in-the blank questions.
compensating differential
increases
marginal utility
decreases
marginal cost
physical capital
financial capital
marginal product
profitable wage rate
human capital
marginal revenue product
statistical discrimination
QUESTION 9
Suppose in a particular labor market the demand curve increases (shifts right). What will happen to the wage?
a. Decrease
b. Remain Constant
c. Increase, but only for the most productive workers in the market
d. Increase
Chapter 24 Solutions
EBK FOUNDATIONS OF ECONOMICS
Ch. 24 - Prob. 1SPPACh. 24 - Prob. 2SPPACh. 24 - Prob. 3SPPACh. 24 - Prob. 4SPPACh. 24 - Prob. 5SPPACh. 24 - Prob. 6SPPACh. 24 - Prob. 7SPPACh. 24 - Prob. 8SPPACh. 24 - Prob. 9SPPACh. 24 - Prob. 10SPPA
Ch. 24 - Prob. 11SPPACh. 24 - Prob. 1IAPACh. 24 - Prob. 2IAPACh. 24 - Prob. 3IAPACh. 24 - Prob. 4IAPACh. 24 - Prob. 5IAPACh. 24 - Prob. 6IAPACh. 24 - Prob. 7IAPACh. 24 - Prob. 8IAPACh. 24 - Prob. 9IAPACh. 24 - Prob. 1MCQCh. 24 - Prob. 2MCQCh. 24 - Prob. 3MCQCh. 24 - Prob. 4MCQCh. 24 - Prob. 5MCQCh. 24 - Prob. 6MCQCh. 24 - Prob. 7MCQCh. 24 - Prob. 8MCQ
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