If Both Prices Decreases by 50

question 58

Multiple Choice

If both prices decreases by 50%,

• A) budget constraint will be unchanged.
• B) slope of the budget constraint will increase.
• C) slope of the budget constraint will decrease.
• D) budget constraint will shift outward in a parallel fashion.

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Definitions:

High Need for Achievement

A personal characteristic that denotes a strong desire to perform challenging tasks well and meet personal standards for excellence.

Moderately Difficult

Describes a task or challenge that requires substantial effort or skill but is not so hard that it becomes overwhelming or unachievable.

External Events

Occurrences outside an organization that might impact its operations, strategy, or performance, such as economic changes, natural disasters, or regulatory shifts.

McGregor's Theory Y

A management theory that suggests employees are inherently motivated and will fulfill their work and responsibilities without coercion if provided with the right conditions.