-Rick's Income Is $54 a Week and He Spends All

question 14

Multiple Choice

-Rick's income is $54 a week and he spends all of it on CDs and sandwiches. The price of a CD is $18 and the price of a sandwich is $3. The figure above illustrates Rick's preferences. At Rick's best affordable point, the marginal rate of substitution is

• A) 6 sandwiches per CD.
• B) 3 sandwiches per CD.
• C) 2 sandwiches per CD.
• D) 1/6 of a sandwich per CD.

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Definitions:

Refreezing Phase

The final stage in the change process where new behaviors or conditions are solidified into the organization.

Force-Coercion

A strategy or approach that relies on using power, authority, or threats to obtain compliance or achieve objectives.

Direct Forcing

A conflict resolution strategy where one party aims to satisfy its interests regardless of the impact on others.