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Answer:
Option (A) is correct.
Explanation:
Marginal thinking refers to the type of thinking that a consumer uses in order to decide whether to buy an additional units or not. In marginal analysis, a consumer compares the marginal benefit and marginal cost associated with that additional unit.
If the marginal benefit is greater than the marginal cost then the consumer decided to consume the additional unit and if the marginal benefit is lower than the marginal cost then as a result the consumer will not buy an additional unit.
In our case, Marie is not buying the fourth banana because the marginal cost of fourth banana is greater than the marginal benefit from fourth banana.
Jane suggests that they just drop it and go back to work. She doesn't want to lose her job and fears that even if they win, their working relationship with Andy will be damaged beyond repair. Malcolm suggests that they go back to Andy's boss and explain that they think talking about Andy's behavior could improve productivity and quality. He tells the group they ought to write down and present the substance of their concerns, not just attack Andy's management style. Malcolm thinks they can work this out without removing Andy or getting fired themselves.
Refer to Case 13.1.
1. If the company doesn't do something with Andy, it runs the risk of ____.
a. losing valuable employees
b. a reduction in productivity
c. employees unionizing
d. all of these
2. Which style of conflict management is a cooperative/nonassertive style?Question options:
a. Avoidance
b. Accommodating
c. Compromising
d. Problem-solving
Answer:
1. d
2. b.
Explanation:
1. When employees are dissatisfied with their boss, feelings of resentment often becomes part of the employees leading some to leave their jobs, or even deliberately reducing their productivity level or to form a union that could protect their interest.
2. A cooperative/nonassertive style of conflict management is indeed an accommodating and toleration driven. It allows employees to discourse issues freely without fear of being punished for expressing views.
Answer:
1. If the company doesn't do something with Andy, it runs the risk of ____.
When an individual works for a company they are both exchanging things: an employer provides work because he/she needs the salary, and the company provides the pay because they need the employee's work and they earn money from it.
If this problem is not solved both the employees and the company will lose, since the employees might start looking for work somewhere else and while doing so their productivity will fall. If you are unhappy and you want to leave, then your motivation for performing is very low.
The third option about the unions is not relevant because many unionized workers are efficient and productive and so are their companies, they are not evil and bad per se.
2. Which style of conflict management is a cooperative/nonassertive style?Question options:
Nonassertive behavior requires that a person does not put emphasize on his/her own personal feelings and rights, and instead tries to understand the rights or needs of others. Generally nonassertive behavior is not considered positive because you are hiding your needs and feelings, but in this case, the accommodating style doesn't mean that you hide your feelings and needs, but instead you put them aside. the reason why you put aside your feelings is to focus on the general well being and cooperate with others to reach a solution.
In this case, the employees dislike Andy and the feeling is mutual, but they are trying to put aside their bad feelings to try work things out.
Options:
A. The number of products can differ from the number of outputs when the joint production of one product produces multiple outputs. All of these outputs generate revenues, such as the offshore processing of hydrocarbons yields purified water that is bottled as well as yielding oil and gas.
B. The number of products can differ from the number of output when the joint production process of two or more products become separately unidentifiable. Therefore a company can have multiple outputs with only one product having a positive sales value. If multiple kinds of timber (logs) are processed into standard lumber and wood chips, standard lumber is the one product that has positive sales and wood chips are the recycled back into the environment.
C. A product is any output that has a positive sales value (or an output that enables a company to avoid incurring costs). In some joint-cost settings, outputs can occur that do not have a positive sales value. The offshore processing of hydrocarbons yields water that is recycled back into the ocean as well as yielding oil and gas.
D. A product is any output that has a positive sales value (or an output that enables a company to avoid incurring costs). The products of a joint production process that have low total sales values compared with the total sales value of the main product or of joint products are called byproducts. The fine-grade lumber and standard lumber are joint products and the wood chips are byproducts.
Answer:
C
Explanation:
A joint-cost production process may result in different outputs, but not all of them are products, for example in oil and natural gas extraction processes, you also get water which is an output but not a product since it is returned to the environment. Many times depending on the location of the oil field, even natural gas is not considered a product and it is simply burnt.
Structural unemployment is a type of unemployment where people lose their jobs because their skill is no longer in demand.
Further Explanation:
Structural unemployment:
Structural unemployment exists when there is a no match between the need of the business and the skill set of the workers. Generally, this type of unemployment occurs when new technology takes places an existing process method. When the existing workers are not competent to use the new technology then their skills are not required. This situation results in structural unemployment.
In the current case, people are losing their jobs because there is no longer a demand for their skills. The use of new skill set or the replacement of the human skills with the computer skills can be the reason behind the loss in the demand.
Thus, when people lose their jobs because of the decrease in the demand for their skills is known as structural unemployment.
Learn more:
1. Learn more about the demand and supply diagram
2. Learn more about the demand curve
3. Learn more about the forecasting human resources supply
Answer details:
Grade: Senior School
Subject: Economics
Chapter: Income & Employment
Keywords: Which, type of, unemployment is, defined as, people losing, their jobs, because, their, skill, is no, longer in, demand, employment, economics, business.
Answer:
the small number of people buying stock on margin
Explanation:
b. nutritional advantages.
c. healthier products.
d. environmental advantages