Examlex
What is the first of eight steps in organizational development intervention?
Marginal Rate Of Transformation
Amount of one good that must be given up to produce one additional unit of a second good.
Price
The amount of money required to purchase a good or service, usually determined by supply and demand in the market.
Marginal Rates Of Substitution
The rate at which a consumer is willing to substitute one good for another while maintaining the same level of utility or satisfaction.
Equilibrium
A state in an economic model where demand equals supply, meaning there is no incentive for change in the market situation.
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