Which of the Following Is True of an Efficiency Wage

question 60

Multiple Choice

Which of the following is true of an efficiency wage?

• A)It refers to the markup of the actual wage over the minimum wage.
• B)It refers to the wage paid to workers above their opportunity cost,which compels them to work harder.
• C)It refers to the wage paid to workers that minimizes total expenditure on labor costs.
• D)It measures the markup of wages paid to workers and their actual output.

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