5. The theory of efficiency wages Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? Check all that apply. O Higher wages attract a more competent pool of workers. O Paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity. O Paying higher wages tends to reduce the average experience level of a firm's workers. O Paying higher wages encourages workers to be more productive.

5. The theory of efficiency wages Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? Check all that apply. O Higher wages attract a more competent pool of workers. O Paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity. O Paying higher wages tends to reduce the average experience level of a firm's workers. O Paying higher wages encourages workers to be more productive.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: Earnings And Discrimination

Section: Chapter Questions

Problem 3PA

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