Marginal Utility Is Defined as the

question 46

Multiple Choice

Marginal utility is defined as the

• A) extra utility gained by consuming an extra unit of a good.
• B) total utility from all units consumed of a good.
• C) average utility gained by consuming an average amount of the good.
• D) total utility gained by consuming an extra unit of a good.
• E) change in quantity divided by the change in utility.

---

Definitions:

Performance Appraisal

Performance appraisal is a systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Behaviourally Anchored Rating Scales

A performance appraisal method that uses specific descriptions of behavior to rate various levels of performance.

Graphic Rating Scales

A method used in performance appraisals where employees are rated based on predefined criteria using a visual scale such as numbers or symbols.

Critical-Incident Technique

A method used to gather facts about significant occurrences that have a positive or negative impact, aiding in problem-solving and decision-making processes.