Two-Factor Theory of Motivation Suggests That People's Satisfaction and Dissatisfaction

question 10

Short Answer

Two-factor theory of motivation suggests that people's satisfaction and dissatisfaction are influenced by two independent sets of factors- motivation factors and _____ factors.

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Definitions:

Sacks

Bags made of various materials, typically used for storing or transporting items.

Profit Maximized

The point at which a firm's profit is at its highest because marginal cost equals marginal revenue.

Total Cost

The complete cost of production, including both fixed costs that do not change regardless of the output level and variable costs that increase or decrease with the level of production.

Perfectly Competitive

A market structure characterized by numerous small firms, identical products, and free entry and exit, leading to firms being price takers.