Answer to Question #62914 in Macroeconomics for Adam
Efficiency wages can hel to reduce unit labor costs when ... (multiple answers may be correct)
(a) the labor productivity nonlinearly depends on the wage.
(b) the labor productivity rises faster than the wage increment.
(c) the elasticity of productivity with respect to the wage is larger than unity.
(d) the elasticity of productivity with respect to the wage is positive but less than unity.
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