Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? Check all that apply. Paying higher wages tends to reduce the average experience level of a firm's workers. Paying higher wages can reduce a firm's training costs. Higher wages attract a more competent pool of workers. Higher wages cause workers to shirk more of their responsibilities.

Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? Check all that apply. Paying higher wages tends to reduce the average experience level of a firm's workers. Paying higher wages can reduce a firm's training costs. Higher wages attract a more competent pool of workers. Higher wages cause workers to shirk more of their responsibilities.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter26: Factor Markets: With Emphasis On The Labor Market

Section: Chapter Questions

Problem 14QP

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12
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