John Likes to Eat Apples, Oranges, and Pears

question 33

Multiple Choice

John likes to eat apples, oranges, and pears. If John increases his consumption of oranges, ceteris paribus, marginal utility theory tell us that John's marginal utility of

• A)oranges decreases.
• B)apples decreases.
• C)pears decreases.
• D)oranges remains constant.
• E)oranges, apples, and pears all decrease.

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Definitions:

Empowerment

The process of granting individuals the power and resources to take initiative and make decisions, aiming to enhance their efficacy and involvement in organizational tasks.

Delegation

The transfer of authority and responsibility from one person to another for the completion of specific activities or tasks.

Authority and Decision

The power or right to make decisions, and the act of making choices or resolving issues, typically within an organizational context.

Delegation

The process of assigning responsibility and authority to others to carry out specific tasks while maintaining accountability for the outcome.