Sarah Has the Utility Function U(X,Y)=X

question 114

Multiple Choice

Sarah has the utility function U(X,Y) =X.⁵Y.²⁵.When Sarah consumes X = 2 and Y = 6 she has a marginal rate of substitution of

• A) -12.
• B) -1/6.
• C) -6.
• D) ₋₁/₁₂.

Understand the implications of labor demand prediction strategies on workforce planning.

Analyze the advantages and disadvantages of downsizing as a strategy to handle labor surplus.

Explore the impact of labor strategies on employee morale and organizational culture.

Assess the role of workforce skills and core competencies in achieving competitive advantage.

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Definitions:

Incentive

A motivational factor that prompts a person to act in a certain way or pursue a particular course of action.

Innate Goal

An inherent aim or objective that is hardwired into an organism, guiding its behaviors from birth.

Self-actualization

A term originating from humanistic psychology, referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Abraham Maslow

A renowned American psychologist famous for developing the hierarchy of needs theory, which suggests psychological well-being is based on satisfying fundamental human needs in a specific order, ultimately leading to self-actualization.