The Change in Total Cost of Production That Results from a Change

question 86

Multiple Choice

The change in total cost of production that results from a change in the amount of a resource used is

• A)average resource cost
• B)marginal resource cost
• C)marginal product
• D)marginal revenue product
• E)average revenue product

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Definitions:

Frederick Herzberg

An American psychologist famous for introducing the two-factor theory of motivation, identifying factors that cause job satisfaction and dissatisfaction.

Motivate Employees

The process of inspiring, encouraging, and stimulating employees to perform their best towards achieving organizational goals.

Challenging Work

Refers to job assignments or tasks that are demanding and stimulating, often requiring creativity and problem-solving skills.

Frederick Herzberg

A psychologist best known for developing the Motivation-Hygiene Theory, which asserts that certain factors lead to job satisfaction while others prevent dissatisfaction.