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ERG Theory Suggests That More Than One Level of Need

question 67

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ERG theory suggests that more than one level of need can cause motivation at the same time.


Definitions:

Technological Change

A change in the methods, equipment, and software used by a society, improving efficiency, productivity, and quality of life.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service; essential for making efficient production and pricing decisions.

Output

The amount of goods or services produced by a business, industry, or country.

Profit-Maximizing Rule

A principle that firms apply to determine the level of output at which they will realize the maximum possible profits.

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