Respuesta :
If the opportunity cost of losing one's job is very high, workers may tend to work harder in the job they have. employers can accomplish this by paying an efficiency wage.
When compared to engaging in an alternative activity, the opportunity cost of a particular activity is the value or benefit forfeited. Simply put, it means you forfeit the chance to engage in a different activity if you choose one. The opportunity cost is the lost study time and money that could have been used for something else. Workers and managers who are employed by a business, group, or community are referred to as employees. These people work for the company as employees. Employees come in a variety of forms, but in general, they are anyone that an employer hires to perform a specific task in exchange for payment.
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