The Marginal Rate of Technical Substitution Is Defined By

question 9

Multiple Choice

The marginal rate of technical substitution is defined by:

• A) MRTS_1,2 = MP₁ /MP₂.
• B) MRTS_1,2 = MP₁MP₂.
• C) MRTS_1,2 = MP₁/P₁.
• D) MRTS_1,2 = P₁/P₂.
• E) MRTS_1,2 = MP₂/P₂.

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Definitions:

Activated Need

A psychological or physiological requirement that motivates behavior towards its fulfillment.

Hygiene Factors

In the job context are sources of job dissatisfaction.

Organizational Policies

The formal guidelines and rules established by an organization to govern actions and decisions in the workplace.

Quality Of Supervision

The extent to which supervisory practices meet or exceed employee expectations, impacting job satisfaction and performance.