Answer:
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Explanation:
Consumer Price Index
The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.
<u>Answer: </u>Motivation
<u>Explanation:</u>
In the job performance formula M stands for motivation, A for Ability and skills E for Environmental obstacles. When the company's performance is stable over time because of the employee's performance then the employee's will be rewarded with huge incentives.
This model where Performance=M+A+E it denotes that the compensation benefits does not change the employee behavior towards his performance . Only these three factors determine his performance behavior. When these three factors are not met in enough then it reflects in inefficient performance of the employee.
Answer and Explanation:
According to the scenario, computation of the given data are as follow:-
Current Consumption Marginal Rate of Substitution
= Marginal Utility (MU) of Pecan Pie ÷ Marginal Utility (MU) of Yogurt
= 2
Utility Maximized When Marginal Rate of Substitution (MRS)
= Marginal Utility of Pecan Pie ÷ Marginal Utility of Yogurt
= $3.75 ÷ $1.25
= 3
According to the analysis, Utility-maximizing MRS (3) is more than the current MRS (2). So to increase the utility bob should have to consume less pecan pie and more quantity of yogurt.