If Principles of Economics Sections Is Three Credit Hours and an Instructor

question 3

Multiple Choice

If principles of economics sections is three credit hours and an instructor teaches two sections with 100 students in each and tuition and fees at your school are $500 per credit hour, then the marginal revenue product for your school from hiring that instructor that semester is:

• A)$500.
• B)$1500.
• C)$150,000.
• D)$300,000.

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Definitions:

Task Interdependence

The extent to which the work or tasks of one member of a group or organization are dependent on the work or tasks of other members.

Forming

The initial stage in team development where group members come together and start to understand their roles and the task at hand.

Storming

A stage in team development marked by conflict and competition as team members work to establish norms and structures.

Team Cohesiveness

Reflects the bond that encourages members of a group to work together effectively, characterized by unity, trust, and a commitment to collective success.