Answer:
Paul is NOT maximizing his utility.
Explanation:
Given:
MU
= Marginal utility from DVDs = 21
MU
= Marginal utility from books = 4
P = Price of DVDS = $11
P = Price of books = $1
Under the utility maximization theory for two or more goods, utility is said to be maximized by a consumer when the ratios of the marginal utility to price per unit of each good are equal to each other. For this question, this implies that when we have:
MU / P = MU / P ………………………….. (1)
Therefore, we have:
MU / P = 21 / 11 = 1.91
MU / P = 4 / 1 = 4
Since 1.91 = MU / P < MU / P = 4, this implies that these conditions are NOT consistent with equation (1). Therefore, Paul is NOT maximizing his utility.
In order to maximize his utility, Paul should consume more DVDs and consume less books until these conditions are consistent with equation (1).
They must update company HR policies and procedures is An effect of changing legislation on human resources professionals.
<h3>What is
human resources?</h3>
Human resources is the recruiting department in the organization, that has many roles and responsibilities like payroll, fill the vacant position of the company, ensure the company's harmony, arranging the events in the organization.
Thus, option A is correct.
For more details about human resources, click here:
brainly.com/question/13190588
#SPJ1
The answer choice which shows the Wegman's motivating factor which is an intrinsic motivator is:
- a. A sense of pride from meeting customer needs
<h3>What is a motivating factor? </h3>
This refers to the things which makes a person behave in a certain way with the aim of getting a reward.
<h3>What is Intrinsic Motivation? </h3>
This refers to the pleasures gotten from performing a task or doing a certain action which is for fun, rather for external motivation like money or other rewards.
Therefore, we can see that from Wegman's policy, he was able to get intrinsic motivation from meeting the customer's needs which gave him a sense of pride.
Read more about motivation here:
brainly.com/question/6853726
The correct answer is department secretary.
The head of ministry is equivalent to the departmental secretary in the United States.
Answer:
The payback period ignores the time value of money.
Explanation:
This could primarily be classified to be amongst the major disadvantages of the payback period that it ignores the time value of money which is a very important business concept. In the other hand, the payback period disregards the time value of money. It is determined by counting the number of years it takes to recover the funds invested. Some analysts favor the payback method for its simplicity. Others like to use it as an additional point of reference in a capital budgeting decision framework.
The payback period does not account for what happens after payback, ignoring the overall profitability of an investment.
