A Higher Wage Could Result in a Lower Labor Cost

question 92

Multiple Choice

A higher wage could result in a lower labor cost per unit of output than a lower wage if the higher wage

• A) brings forth greater work effort.
• B) increases supervision costs.
• C) increases job turnover.
• D) increases worker absenteeism.

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Definitions:

Informational Constraint

Limitations or restrictions on the availability or flow of information.

Adequate Size

Refers to dimensions that are sufficient for a specific purpose or need.

Elements Of Argument

The basic components of logical reasoning, including claims, evidence, and reasoning, used to persuade or explain a position.

Claim

A statement made about something, often without evidence, that asserts it is true.