The idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
<h3>What is
optimal-wage theory?</h3>
Optimal efficiency wage is one that that do occur when marginal cost of an increase in wages can be attributed to the marginal benefit associated to productivity.
Hence, idea that firms will get the most for their money when they pay wages higher than the equilibrium wage is called optimal-wage theory.
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Answer:
Yes.
Implication : Manipulate demand and choices
Explanation:
<em>Marketing</em> involves communicating the product to the customers at the right price, to the right people and delivering to the right place.
If one of the 4Ps is marketed well for one product customers will have greater attention of that products against another, thus changing the way we think.
Answer:
Option C
Explanation:
In simple words, the basic solution to create and maintain healthy diverse environment throughout the organisation is to create a culture that encourage employees to accept each others differences.
Creating such culture will help the trainer to implement the training procedures. Such activities and decisions will lead to less conflicts and more positive results.
The right answer for the question that is being asked and shown above is that: "Increase reserve requirement." The <span>action that would the Federal Reserve most likely take to rein in spiraling inflation is that of </span><span>Increase reserve requirement.
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The right answer for the question that is being asked and shown above is that: "<span>Increase reserve requirement." </span>
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