The Rate at Which a Consumer Is Willing to Exchange

question 57

Multiple Choice

The rate at which a consumer is willing to exchange one good for another while maintaining a constant level of satisfaction is called the

• A)relative expenditure ratio.
• B)value of marginal product.
• C)marginal rate of substitution.
• D)relative price ratio.

---

Definitions:

Job Enrichment

A method of motivating employees by enhancing the meaningfulness of their work through increased autonomy and responsibility.

Job Enlargement

A method of job design that increases the number of tasks in a job to enhance its complexity and reduce monotony.

Growth Needs

Psychological and emotional requirements that contribute to an individual's continuous development and self-improvement, such as those related to achieving one’s full potential.

Job Enlargement

A method of job design that increases the number of tasks an employee performs, aiming to make work more varied and interesting.