Question

hy 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 tends to reduce the average experience level of a firm's workers. Higher wages cause workers to shirk more of their responsibilities. Paying higher wages increases worker turnover. Paying higher wages can reduce a firm's training costs.

Answer 1

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

Explanation: The situation above will happen since the workers won't quit their jobs, and tend to stay working at the same company due to an attractive salary offer. Therefore, there's no need to spend much money on training to new workers, for example, because the older ones are already trained to perform their functions.