<span>Andy’s motivation for working so hard
is most likely the extrinsic motivation of a raise in his salary (money). </span><span>
Extrinsic motivation refers to the phenomenon
when behavior and actions are motivated by external factors, such as
rewards, fame or praise rather than intrinsic factors which lie within an individual (such as: improving one’s skills and work ethic or genuine interest in
the task or project at hand).
In Andy’s case, where he is working so hard in hopes for a
raise, he is externally motivated rather than internally motivated since he
hopes to be monetarily rewarded </span>(extrinsic factor)for his hard work.
Answer:
Explanation:
Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.
The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.
Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq
Where TR is the Total Revenue
For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).
That is the sum of the consumer surplus and producer surplus is the total gains from trade.
Answer:
Monthly payment = $769.27
Explanation:
First we have to determine the future value of the ordinary annuity:
Payment = $235.15
N = 20 * 12 = 240
Rate = 3.2% / 12 = 0.267%
Using a financial calculator and the FV function, the FV = $78,910.41
Again, using the financial calculator or Excel, you can determine the monthly payment:
N = 10 / 12 = 120
Rate = 0.267%
PV = $78,910.41
FV = $0
Monthly payment = $769.27
