Alvin's Preferences for Good X and Good Y Are Shown

question 35

Multiple Choice

Alvin's preferences for good X and good Y are shown in the diagram below. Figure 3.1
-Refer to Figure 3.1. Which of the following is true concerning Alvin's marginal rate of substitution?

• A) It is diminishing.
• B) It is positive but varies along the indifference curve.
• C) It is constant.
• D) It is zero.

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Definitions:

Recruitment Process

The series of steps undertaken by an organization to attract, select, and appoint suitable candidates for jobs.

Job Vacancy

An unoccupied employment position within an organization that is actively looking for someone to hire.

Realistic Job Previews

Pre-employment informational practices that give potential employees a balanced view of both the positive and negative aspects of a job, enhancing match quality and reducing turnover.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance, attitude, and motivation.