Table 4-4 -Refer to Table 4-4. the Table Above Lists the Highest

question 352

Multiple Choice

Table 4-4

-Refer to Table 4-4. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of the champagne falls from $24 to $14,

• A) consumer surplus increases from $32 to $53.
• B) Curly will buy four bottles; Moe will buy two bottles, and Larry will buy one bottle.
• C) consumer surplus will increase from $80 to $95.
• D) Larry and Moe will receive more consumer surplus than Curly.

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Hygiene Factors

Elements related to the work environment, such as company policies, supervision, salary, and working conditions, that can lead to job dissatisfaction if they are inadequate, but not necessarily to job satisfaction if they are adequate.

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The level of contentment employees feel toward their jobs, influenced by factors like the nature of the work, the working environment, and compensation.

Satisfier Factor

Elements of a job that increase employees' satisfaction and motivation, according to Herzberg's two-factor theory of motivation.

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