Examlex
Relative ranking appraisals may help an organization become more performance-oriented if they are used for a few years because they tend to weed out employees with persistent performance problems.
Marginal Utility
The increased gratification or utility obtained by consuming an additional unit of a good or service.
Total Utility
The total satisfaction received by a consumer from consuming a certain amount of a good or service.
Marginal Utility
The change in satisfaction or utility derived by consuming an additional unit of a good or service.
Indifference Curves
Indifference curves are graphical representations used in microeconomics to show combinations of two goods among which a consumer is indifferent, reflecting their preferences and consumption choices.
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