Which Technique Assesses the Economic Return on Investment of Human

question 9

Multiple Choice

Which technique assesses the economic return on investment of human resource interventions?

• A)weighted analysis
• B)advantage analysis
• C)economic weight
• D)utility analysis

Analyze scenarios to identify instances of increasing and diminishing marginal returns.

Distinguish between the short-run application of the law of diminishing returns and its implications.

Relate the concepts of marginal and average products to decision-making in production.

Understand how the law of diminishing marginal returns impacts total production.

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Definitions:

Sugary Treats

Foods or snacks with a high sugar content, often considered indulgent or non-essential dietary items.

Behavioral Economist

A specialist in an area of economics that studies the effects of psychological, social, cognitive, and emotional factors on economic decisions.

Long-term Effects

The impact or outcomes of actions, policies, or events that are not immediate but unfold over a longer period.

Rational Decision Makers

Individuals or entities that make decisions by systematically considering all available information and maximizing their utility based on preferences.