Table 3-1 -Refer to Table 3-1.What Is the Opportunity Cost of 1

question 125

Multiple Choice

Table 3-1

-Refer to Table 3-1.What is the opportunity cost of 1 kg of potatoes for the farmer

• A)9 hours of labour
• B)3 hours of labour
• C)3 kg of meat
• D)1/3kg of meat

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Definitions:

Valence

In motivation theory, the value an individual places on the expected outcome of a particular course of action.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a certain period.

Job Satisfaction

The level of contentment employees feel towards their jobs, influenced by factors such as work environment, compensation, and job duties.

Job Effort

The amount of physical or mental exertion required to perform the duties associated with a particular job.