Refer to the Graph Shown

question 146

Multiple Choice

Refer to the graph shown. If hamburgers are produced by a pure monopoly that maximizes profit, the price of hamburger dinners will be:

• A) $ 2.
• B) $ 4.
• C) $ 5.
• D) $ 6.

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Definitions:

ERG Theory

A theory on human motivation that categorizes needs into three groups: Existence, Relatedness, and Growth.

Existence Needs

Refers to the basic physiological and safety needs of individuals, such as food, water, shelter, and security.

Growth Needs

Psychological desires that drive individuals to seek challenges, self-improvement, and personal development.

Motivator Factor

Elements of work or conditions that can significantly increase job satisfaction and motivation, as per Herzberg's motivation-hygiene theory.