An Efficiency Wage Is

question 194

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.

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