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It may be in the best interest of employers to pay wages higher than their workers’ reservation wage.
  • a)
    True
  • b)
    False
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
It may be in the best interest of employers to pay wages higher than t...
The wage should be higher than the reservation wage according to the efficiency wage theories.
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It may be in the best interest of employers to pay wages higher than their workers’ reservation wage.a)Trueb)FalseCorrect answer is option 'A'. Can you explain this answer?
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