Two Consumers Jim and Pam Both Have Opera Tickets and Movie

question 27

Essay

Two consumers Jim and Pam both have opera tickets and movie tickets.They wish to exchange tickets with each other.Given their utility functions and
,show that their marginal rates of substitution need to be equal for any given distribution of tickets to be efficient.

Explain the instructional systems design (ISD) model and its importance in training program planning.

Define and understand strategic human resources management (SHRM) and its implications.

Develop evaluation criteria for training programs using specific organizational contexts.

Describe work-integrated learning and its significance for organizations and governments.

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Definitions:

Achievement

That which is attained by one’s efforts and presumed to be made possible by one’s abilities.

Performance

The act or process of carrying out or accomplishing an action, task, or function.

Recall

The act of retrieving information or memories from one's past, often with a specific focus on details.

Rewards

Incentives or positive feedback given to reinforce desirable behavior, promoting learning and motivation.