Answer:
the answer is letter <em>D</em><em> </em><em>i</em><em>s</em><em> </em><em>t</em><em>h</em><em>a</em><em>t</em><em> </em><em>t</em><em>r</em><em>u</em><em>e</em>
Answer:
b) Paying higher wages can reduce a firm's training costs.
c) Paying higher wages encourages workers to be more productive.
d) Higher wages attract a more competent pool of workers.
Explanation:
Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal. The point at which the MRPL equals the prevailing wage rate is the labor market equilibrium.
The idea of the efficiency wage theory is that increasing wages can lead to increased labour productivity because workers feel more motivated to work with higher pay. Paying higher wages encourages workers to be more productive. Higher wages attract a more competent pool of workers. Workers stay with employers longer (instead of seeking out better-paying work with other companies) reducing businesses’ turnover, hiring, and training costs.
When it comes to the business cycle, the Real GDP can be described as the total value of the output of a nation, after this is adjusted for inflation.
<h3>What is Real GDP?</h3>
Real Gross Domestic Product (GPD) refers to the total value of goods and services produced in a year within a nation.
This amount is called "Real" when it has been adjusted for the effect of inflation on the nation and the prices of goods.
Find out more on Real GDP at brainly.com/question/13604000.
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An old fashion calculator to calculate the the number of the money and which the percentage what is was interest