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★ѕραndavir ★ѕραndavir
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6 years ago
Initially a firm pays a wage and gets an output per worker which are given index numbers of 1.00. Five possible 3 percent increases in the wage and the accompanying output per worker are as follows: 1.03 and 1.09, 1.06 and 1.17, 1.09 and 1.24, 1.13 and 1.29, 1.16 and 1.31. What is the efficiency wage?
A) 1.03
B) 1.06
C) 1.09
D) 1.13
E) 1.16
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Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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