Answer:
a. Job analysis
Explanation:
Job analysis in human resources(HR) entails identifying the responsibilities , duties and functions associated with a given job role. Certain criteria such as relevant qualifications needed to perform better on the job and conditions under which the work will be performed are also part of Job analysis.
In job analysis, what is quite important is that it is the job that is assessed and not the person filling the job role whilst job analysis data may be retrieved by human resources(HR) from the person currently on the job role . Examples of areas where job analysis may be applied in an organization are in risk management, career and succession plan, recruitment and selection etc.
Answer: rational decision-making model
Explanation:
Rational decision-making model could be seen as when the decision maker has all alternatives on a decision with much information, with time on their hands and resources to evaluate the various choices thats made available before them.
Danny's choice to go against other people decision and using a detailed and different consideration for the employee decribed he used a rational decision making model, he still believed in the individual when others did not, and this affected his decision and didn't allow that of others to influence him.
Answer:
b. at the quantity where marginal cost equals the long run average cost curve.
Explanation:
This point will be the most effective to produce at after this point the shutdown point would be reached at surpassed.
Answer: a) 1
b) yes marginal rate of substitution is less than the relative price
c) 2.00
Explanation:
a) Raul’s marginal rate of substitution is 1 because he is only willing to trade 1 cal card for 1 additional Nolan card
b) Raul’s marginal rate of substitution is Mc/Mn = 1 However, the relative price of a Cal Ripken card is Pc/Pn = $24/$12 = 2.00. Since the marginal rate of substitution is less than the relative price, Raul can make himself better off by selling 1 Cal card and buying Nolan cards.
c) His marginal rate of substitution must be equal to the relative price; the relative price rule holds that says that Mc/Mn = Pc/Pn. From b above we know that the relative price is 2.00, Raul's marginal rate of substitution must also be 2.00.
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