Use the Table Below to Answer the Following Questions

question 89

Multiple Choice

Use the table below to answer the following questions.
Table 8.2.1
-Refer to Table 8.2.1.Consider Sam's utility from sailing and skiing.The price of sailing is $10 per hour and the price of skiing is $20 per hour;Sam's income to spend on these activities is $80.In consumer equilibrium,Sam will sail for

• A)3 hours and ski for 2 hours.
• B)2 hours and ski for 4 hours.
• C)4 hours.
• D)4 hours and ski for 2 hours.
• E)8 hours.

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Definitions:

Mass Customization

A manufacturing and marketing strategy that combines mass production's efficiency with the ability to tailor products to individual customer preferences.

Career Preferences

An individual's desires and priorities regarding their career path, including industry, role, company size, and geographic location.

HR Practices

The methods and procedures applied in managing an organization's human resources, including recruitment, selection, development, and compensation.

Employee Retention

Employee Retention involves strategies and practices aimed at preventing valuable employees from leaving their jobs, focusing on creating a positive work environment, career development opportunities, and competitive compensation.