Economists Consider Instances of Increasing Marginal Utility to Be

question 198

Multiple Choice

Economists consider instances of increasing marginal utility to be

• A)normal.
• B)impossible.
• C)unusual, as in the case of addictions.
• D)irrational.

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Definitions:

Unfreezing

The first step in Lewin’s change model, in which individuals are encouraged to discard old behaviors by shaking up the equilibrium state that maintains the status quo.

Organization Development

is a systematic practice aimed at improving organizational effectiveness and employee well-being through planned interventions in the organization's processes.

Intervention

The action taken to become involved in a situation in order to help alter the outcome or improve the circumstances.

Diagnosis

The identification of the nature or cause of a condition, situation, or problem.