Arnie Is the Owner of a Firm That Produces Bottled

question 169

Multiple Choice

Arnie is the owner of a firm that produces bottled water in Alberta. There are many such firms in the area. Arnie decides that if he pays his workers a wage higher than the going market wage, his profits will increase. Which of the following is a likely explanation for his decision?

• A)The higher the wage, the less often his workers will choose to leave his firm.
• B)The higher the wage, the lower will be the cost of obtaining needed supplies.
• C)The higher the wage, the more he can charge for his water.
• D)The higher the wage, the less competition will be in the industry.

---

Definitions:

Back Massage

A therapeutic technique involving manipulation of the muscles in the back to relieve tension or pain.

Lumbar Laminectomy

A surgical procedure to relieve pressure on the spinal cord or nerves in the lower back by removing the lamina portion of a vertebra.

Rib Fractures

Breaks or cracks in one or more of the rib bones, often caused by trauma such as falls, vehicle accidents, or sports injuries.

Artificial Eye

A prosthetic device made to replace a natural eye following enucleation, typically for cosmetic reasons.