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7. The theory of efficiency wages Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? Check all that apply. Paying higher wages encourages workers to be more productive. Higher wages cause workers to shirk more of their responsibilities. Paying higher wages can reduce a firm's training costs. Higher wages attract a more competent pool of workers.

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Tundexi

Answer:

Paying higher wages encourages workers to be more productive.

Explanation:

Firms pay workers a wage above the market equilibrium even in the presence of surplus labor to encourage the workers to work hard. Increasing a workers wage is known to be an effective method to motivating which later brings about efficiency in output from the workers. It is also use to appreciate the efforts of employees by showing them that company cares for their basic requirement.

Answer:

paying higher wages encourages workers to be more productive

Paying higher wages can reduce a firm's training costs.

Higher wages attract a more competent pool of workers.

Explanation:

Paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity.

When a firm pays high wages, it attracts a better pool of workers to apply for its jobs and thereby increases the quality of its workforce

Workers who are shirking their responsibilities are fired

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