In Designing Organizational Training Programs, I/O Psychologists Are Mindful of the Basic

question 141

Essay

In designing organizational training programs, I/O psychologists are mindful of the basic principles that govern the learning and remembering of new information and skills. List and describe four of the five areas that such training programs must be mindful of.

Understand the concept of producer surplus and its calculation.

Identify the factors that lead to consumer and producer surplus in a market.

Comprehend how market price influences consumer and producer surpluses.

Grasp the calculation of total revenues in a market context.