Dan Decides to Hire Some Additional Workers for His Golf

question 167

Multiple Choice

Dan decides to hire some additional workers for his golf cart factory.The equilibrium wage is $15 per hour.What does efficiency wage theory suggest is a reasonable wage for Dan to offer?

• A) $15 per hour
• B) less than $15 per hour,since some people would be willing to work for less
• C) enough to attract the number of applicants necessary to fill the jobs available
• D) more than $15 per hour,so as to attract a better pool of applicants

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Definitions:

Pharynx

The part of the throat behind the mouth and nasal cavity, responsible for the passage of food to the esophagus and air to the larynx.

Esophagus

A muscular tube that conveys food from the mouth to the stomach.

Mouth

The opening in the body of most animals through which food is taken in, beginning the process of digestion.

Gallbladder

A small organ located under the liver, which stores and concentrates bile, a digestive fluid produced by the liver.