Aaron is the owner of a firm that produces wind power in southern Alberta. There are many such firms in the area. Aaron decides that if he pays his workers a wage higher than the going market wage, his profits will increase. What is a likely explanation for his decision?

Question

Accepted Answer

The higher the wage, the less often his workers will choose to leave his firm.

Answer

The higher the wage, the more he can charge for his wind power.

Answer

The higher the wage, the less competition will be in the industry.

Answer

The higher the wage, the lower will be the cost of obtaining needed supplies.

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Aaron is the owner of a firm that produces wind power in southern Alberta. There...

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