Table 4-1 -Refer to Table 4-1.The Table Above Lists the Highest Prices

question 18

Multiple Choice

Table 4-1

-Refer to Table 4-1.The table above lists the highest prices three consumers, Tom, Dick, and Harriet, are willing to pay for a short-sleeved polo shirt.If the price of the shirts falls from $28 to $20,

• A)consumer surplus increases from $14 to $35.
• B)Tom will buy two shirts; Dick and Harriet will each buy one shirt.
• C)consumer surplus will increase from $70 to $95.
• D)Harriet will receive more consumer surplus than Tom or Dick.

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Definitions:

Staffing Inventories

A comprehensive list or database of an organization's current employees, including their skills, qualifications, and statuses, used for planning and decision-making purposes.

HR Supply Analysis

The evaluation of the current availability of human resources within an organization to meet its future HR demand, including assessing skills, capabilities, and numbers.

Leadership Crisis

A situation where there is a lack of effective leadership, potentially leading to reduced morale, performance, and organizational success.

Succession Planning

A process used by organizations to ensure the continued effective performance of key roles by planning for the replacement and development of crucial staff members.