Return to the Ready-To-Eat Cereal Example from the Previous Question

question 22

Multiple Choice

Return to the ready-to-eat cereal example from the previous question. Now assume that there is only one kind of cereal,so the manufacturer cannot distinguish between types of consumer (adults vs.children,of which suppose there are equal numbers in the market) . What is the optimal menu of cereal boxes?

• A)a 3 ounce box (which adults will buy) sold for 48 cents; a 4 ounce box (which children will buy) sold for $1.12.
• B)a 3 ounce box (which adults will buy) sold for 48 cents; a 4 ounce box (which children will buy) sold for 64 cents.
• C)a 2 ounce box (which adults will buy) sold for 36 cents; a 4 ounce box (which children will buy) sold for 76 cents.
• D)No menu; the manufacturer is better off just selling a 5 ounce box for $1.12,which is only purchased by children.

Identify strategies for fostering achievement motivation in employees.

Understand the formation and functioning of self-managed or natural teams within organizations.

Grasp the role of individual differences in the job characteristics model and their implication for job design.

Understand the basics of expectancy theory including its components (expectancy, instrumentality, and valence) and their relationships.

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Definitions:

Seductions Of Crime

A concept exploring how criminal behavior can appear attractive or rewarding, focusing on psychological and environmental factors that lure individuals into committing crimes.

Structural Strain Theory

Structural strain theory is a sociological framework that explains deviance and social problems as the result of a disconnect between societal goals and the means available to achieve them.

Self-Fulfilling Prophecy

A belief or expectation that influences individuals to act in ways that make the belief become true.

Robert Merton

A prominent sociologist who developed theories on social structure, anomie, and the concept of self-fulfilling prophecy.