Wednesday
April 16, 2014

Homework Help: More Economics

Posted by Bryan on Saturday, June 16, 2007 at 6:49pm.

I have an lazy instructor using test bank questions unrelated to my text and need some help. The second question is "anything that makes the efficiency wage rise relative to the market-clearing wage will...A) increase both the quantity demanded and the quantity supplied of labor. B)decrease both the quantity demanded and quantity supplied of labor. C)increase the quantity demanded and decrease the quantity supplied of labor. D)decrease the quantity demanded and increase the quantity supplied of labor.

I think C.

Now the might sound straight-forward but my textbook does not explain efficiency wage that way. It states efficiency wages = above-equilibrium wages paid by firms to increase worker productivity. Nothing about supply & demand. HELP before I jump from the roof!

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Economics - I have an lazy instructor using test bank questions unrelated ...
English - Hello If you had a topic "Murphy s law" and you had to work on it in ...
Math Binomial theorem - I'm preparing for a test and one of the questions in my ...
math write in sql - I have this question i need to know how to do for a test ...
English - Hi! Need some advice.Next week I need to teach a class. My task is to ...
Stats - An instructor gives a test with 20 multiple choice questions. There are ...
economics - Consider an open economy in which the central bank targets the ...
Economics - Why do some workers make more money than others? Must everyone make ...
Econnomics - The New York Times cost $0.15 in 1970 and $0.75 in 2000. The ...
matlab - One bank pays 5.5 percent annual interest, while a second bank pays 4.5...

Search
Members