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Which one of the following statements about efficiency wages is correct?

Which one of the following statements about efficiency wages is correct?

Which one of the following statements about efficiency wages is correct?
A. An efficiency wage is an above-market wage that minimizes a firm's labor cost per unit of output.
B. An efficiency wage is a wage that automatically rises with the national index of labor productivity.
C. An efficiency wage is a wage payment necessary to compensate workers for risk of injury on the job.
D. An efficiency wage is a "wage" that contains a profit-sharing component as well as traditional hourly pay.

Johnson 08-Nov-2017

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