-Tom and Jerry Are the Only Members of Society

question 65

Multiple Choice

-Tom and Jerry are the only members of society. The table above shows their marginal benefits from defence satellites, a public good. If the marginal social cost of a satellite is $36, the efficient quantity of satellites is

• A) 1.
• B) 2.
• C) 3.
• D) 4.

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Definitions:

Job Enrichment

A method of motivating employees by enhancing the quality and variety of their job tasks, thereby making their work more rewarding and engaging.

Herzberg's Two Factors

A theory that suggests job satisfaction and dissatisfaction are influenced by two independent sets of factors—motivators (such as achievement and recognition) and hygiene factors (such as salary and working conditions).

Dissatisfiers

Factors related to work or the workplace environment that can lead to dissatisfaction among employees, potentially affecting their job performance and overall morale negatively.

Satisfiers

Factors that contribute to job satisfaction, often related to the intrinsic aspects of the job that motivate employees.