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★ѕραndavir ★ѕραndavir
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6 years ago
Suppose that firms are paying their "efficiency wage" rate and AD shifts leftward. Firms that lower wages and maintain production would
A) achieve lower profits since worker efficiency would fall and total wages paid increase.
B) achieve lower profits since worker efficiency would fall and wages per unit of output increase.
C) achieve higher profits.
D) achieve lower per unit wage costs.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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6 years ago
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