a-firm-is-considering-increasing-wages-to-attract-more-skilled-workers-what-shou

Question

A firm is considering increasing wages to attract more skilled workers. What should it consider to ensure this decision is economically viable?

Accepted Answer

The marginal productivity of the additional skilled workers.

Answer

The historical wage trends over the past decade.

Answer

The average wage in unrelated industries.

Answer

The total number of employees in the company.