Initially a Firm Pays a Wage and Gets an Output

question 61

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

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Definitions:

Somatic Symptom

A physical symptom that can cause significant distress or impairment, which may be linked to psychological distress though it lacks a medical cause.

Dissociative

Relating to or involving dissociation, a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Acute Stress

A short-term physiological response to an immediate perceived threat, which can enhance performance or cause anxiety.

Somatic Symptom

involves physical symptoms that are distressing and may not have a discernible medical cause, often associated with somatic symptom disorder.