Why might some firms choose to pay workers a wage above the market equilibrium, even with a
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Question:
Why might some firms choose to pay workers a wage above the market equilibrium, even with a surplus of labor in the market?Check all that apply.
A. Paying higher wages can reduce a firm's training costs.
B. Paying higher wages tends to reduce the average experience level of a firm's workers.
C. Paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity.
D. Paying higher wages encourages workers to be more productive.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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