The slope of a wage-fringe isoprofit curve reflects:
A) the overall profitability of the firm
B) a worker's willingness to give up an extra dollar of wages in exchange for an extra dollar of fringe benefits
C) the relative "price" of fringe benefits compared to wages
D) an increasing marginal rate of substitution of fringe benefits for cash
Correct Answer:
Verified
Q7: The share of fringe benefits in total
Q8: The proportion of total compensation paid out
Q9: refer to the diagram below. All points
Q10: As a percentage of benefits,the largest share
Q11: Fringe benefits will tend to be a
Q13: refer to the diagram below. All points
Q14: "Total compensation" includes:
A)Wages and salaries and all
Q15: Which one of the following is not
Q16: refer to the diagram below. All points
Q17: The slope of a wage-fringe indifference curve
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