Ask Question
BusinessBusiness
16 June, 14:39

An efficiency wage is A. an above-market wage paid by a firm to maximize the output of the firm. B. a below-market wage paid by a firm to maximize firm profits. C. an above-market wage paid by a firm to maximize worker productivity. D. equal to the market-clearing wage, so that social welfare is maximized.

+4
Answers (1)
  1. 16 June, 18:05
    0
    A. an above-market wage paid by a firm to maximize the output of the firm.

    Explanation:

    An efficiency wage is paid to employees in excess of the market or equilibrium wage in order to boost their morale. This will have an overall effect of increasing the employees' productivity or efficiency as well as reducing costs associated with turnover such as orientation and training costs of new staff.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An efficiency wage is A. an above-market wage paid by a firm to maximize the output of the firm. B. a below-market wage paid by a firm to ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A travel agency discovers that it has been charged for payments to a print shop drawn on checks written by an unknown third party masquerading as the travel agency comptroller.
Answers (2)
Smith, inc., has maintained an ownership interest in watts corporation for a number of years. this investment has been accounted for using the equity method.
Answers (1)
Question: a call provision allows bondholders to tender (turn in) their bonds at any time and receive the principal amount in return. a true b false
Answers (1)
Which statement best describes the concept of realization as it applies to gain or loss? A. Realization is the recording of gain or loss on a tax return. B. Realization is the result of an exchange of property rights in a transaction. C.
Answers (1)
Moore Corporation has earned $205,500 after tax. The return on equity for Moore Corporation is 18%. What's Moore's stockholders' equity?
Answers (1)
New Questions in Business
Using an example, explain the relationship between human resources and business objectives ...
Answers (1)
An investor purchased 100 shares of stock x at / small 6/frac{1}{8} dollars per share and sold them all a year later at 24 dollars per share.
Answers (1)
True or false: Google manages every aspect of Google Cloud Platform customers' security.
Answers (1)
Which sentences describe characteristics of a partnership? A. The owners are free from personal liability. B. The owners pool their resources to raise capital. C. The owners in a partnership are called members. D.
Answers (1)
Green Frog is an environmentally friendly firm in the cosmetics industry that has decided to undertake a strategic planning project.
Answers (1)
Home » Business » An efficiency wage is A. an above-market wage paid by a firm to maximize the output of the firm. B. a below-market wage paid by a firm to maximize firm profits. C. an above-market wage paid by a firm to maximize worker productivity. D.
Sign Up Forgot Password?