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The following figure shows the indifference curves U1 and U2 of a consumer choosing between hours devoted at a tennis club and other goods.All consumers in this market have identical demand curves.IZ is the original budget line of a representative consumer,which shifts to AB when the club begins to charge an entry fee.
Figure 12-3
-In Figure 12-3,if the fee goes above _____,the consumer will purchase no court hours.
Behaviorally Anchored Rating Scales
A method of evaluating performance based on specific behaviors that are tied to numerical ratings.
Comparative Performance Appraisal
An evaluation method where an individual's performance is directly compared to that of their peers to identify relative strengths and weaknesses.
Graphic Rating Scale
A method used in evaluations, consisting of a line or scale on which respondents indicate their opinions or performance levels.
Performance Outcomes
The results or achievements of an individual or organization's work, often measured against predefined goals or standards.
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