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nakungth nakungth
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6 years ago
The efficiency wage is
A) a wage at which there is no unemployment, and shirking workers are not counted in the pool of total labor.
B) a wage at which there is a positive amount of unemployment.  Individuals who are fired for shirking will be penalized with a period of unemployment.
C) a wage at which there is a shortage of labor.  Firms who fire a worker for shirking will be able to hire another one easily.
D) the wage that is paid to high-quality, non-shirking workers.  Other workers are paid the market-clearing wage.
E) the wage that subtracts the cost of shirking from the market-clearing wage to determine that which is really paid.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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CanihCanih
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6 years ago
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nakungth Author
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5 years ago
Thank you!
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