Ask Question
BusinessBusiness
27 February, 01:46

Paying efficiency wages means that wages are a. above equilibrium, and profits are higher than otherwise. b. above equilibrium, and profits are lower than otherwise. c. below equilibrium, and profits are higher than otherwise. d. below equilibrium, and profits are lower than otherwise.

+2
Answers (1)
  1. 27 February, 03:58
    0
    a. above equilibrium, and profits are higher than otherwise.

    Explanation:

    As if we pay high wages to our labors than our labors are happy and produced more quantities as compare to before which results into higher profits that shows the efficiency wages above equilibrium

    Plus the high wages is connected to somewhat high cost for the company but in return the company could get high sales which transform into high profits.

    Hence, the first option is correct
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Paying efficiency wages means that wages are a. above equilibrium, and profits are higher than otherwise. b. above equilibrium, and profits ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Andrew, a pharmacist, realized that he should stock extra supplies of a particular medicine to respond to an outbreak of a particular infection in the city.
Answers (1)
A specific research objective from the information obtained in the small groups is to
Answers (1)
JRE2 Inc. entered into a contract to install a pipeline for a fixed price of $2,290,000. JRE2 recognizes revenue upon contract completion.
Answers (1)
All of the following are true regarding social security except
Answers (1)
6. Roughly how many employers conduct background checks? A. About one-third B. All employers C. About two-thirds D. Employers usually don't conduct background checks
Answers (1)
New Questions in Business
Acme Foods wants to make its chips saltier, but it doesn't want to spend more than it has to on salt. A sample of consumers are asked to compare its current chip (saltiness = 100) with saltier versions and to say whether the new version is saltier.
Answers (1)
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.
Answers (2)
The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.
Answers (1)
Home » Business » Paying efficiency wages means that wages are a. above equilibrium, and profits are higher than otherwise. b. above equilibrium, and profits are lower than otherwise. c. below equilibrium, and profits are higher than otherwise. d.
Sign Up Forgot Password?