Dan Decides to Hire Some Additional Workers for His Golf-Ball

Dan decides to hire some additional workers for his golf-ball factory. The equilibrium wage is $12 per hour. What does efficiency wage theory suggest that it is reasonable for Dan to offer?

A) $12 per hour
B) less than $12 per hour, since some people would be willing to work for less
C) enough to attract the number of applicants necessary to fill the jobs available
D) more than $12 per hour, so as to attract a better pool of applicants