33. In efficiency wage model, the real wage is set to A. Minimize the efficiency of worker per rupee of real wages received B. Clear the labour market C. Not to clear the labour market D. Maximize the efficiency of workers per rupee of real wages received

33. In efficiency wage model, the real wage is set to A. Minimize the efficiency of worker per rupee of real wages received B. Clear the labour market C. Not to clear the labour market D. Maximize the efficiency of workers per rupee of real wages received

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

33. In efficiency wage model, the real wage
is set to
A. Minimize the efficiency of worker per
rupee of real wages received
B. Clear the labour market
C. Not to clear the labour market
D. Maximize the efficiency of workers per
rupee of real wages received

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