When We Have an Optimum Resource Mix for the Firm

question 183

Multiple Choice

When we have an optimum resource mix for the firm,

• A)the MRP of land = the price of land.
• B)the MPP of land = the price of land.
• C)All of the choices are true.
• D)Neither of the choices are true.

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Definitions:

Job Enlargement

A method of job design that increases the number of tasks in a job to enhance its complexity and reduce monotony.

Growth Needs

Psychological and emotional requirements that contribute to an individual's continuous development and self-improvement, such as those related to achieving one’s full potential.

Job Enlargement

A method of job design that increases the number of tasks an employee performs, aiming to make work more varied and interesting.

Employee Motivation

The level of enthusiasm, commitment, and energy that an employee brings to their job, driven by internal and external factors that encourage them to achieve organizational and personal goals.