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Q1. 1. Herzberg concluded that pay was not a motivator. If you were paid to get better grades, would you be motivated to study harder?
2. Look over Maslow's hierarchy of needs and try to determine where you are right now on the hierarchy. What needs of yours are not being met?
3. How could a company go about meeting those needs and thus motivate you to work better and harder?
Q2. What economic concepts can be used to explain the reason that a new car purchased by a consumer and driven off a new car lot decrease in value almost immediately compared with the value of the same make and model of a car still on the new car lot?
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
If there was a capital gain tax of 30 percent, what is the after-tax real interest rate, with the inflation rate of 8 percent.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Indicate how Ford's management should use this information to make sound strategic decisions.
Assume that neither country experiences population growth nor technological progress as well as that 5 percent of capital depreciates each year
At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.
Calculate the four combinations of outputs of corn and rice for these 4 plans.
Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
there is an incumbent monopoly in a market. A potential entrant may enter. Draw the game tree describing the situation?
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
Consider decision making process used by consumers as they budget their money to maximize use of their resources.
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