Initially a Firm Pays a Wage and Gets an Output

question 38

Multiple Choice

Initially a firm pays a wage and gets an output per worker which are given index numbers of 1.00.Five possible 5 percent increases in the wage and the accompanying output per worker are as follows: 1.05 and 1.09,1.10 and 1.17,1.15 and 1.24,1.21 and 1.28,1.27 and 1.31.What is the efficiency wage?

• A)1.05
• B)1.10
• C)1.15
• D)1.21
• E)1.27

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