Concept of diminishing marginal utility


Assignment:

Topic: Diminishing Marginal Utility

DISCUSSION

1. Pretend that you have just been surprised with a genuine email that says you have just been selected by your favorite pizza delivery company that every day for the next month you will receive your favorite pizza for lunch and another of that same favorite pizza for dinner, delivered to your home and ready to eat.

a. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning.

b. What about your excitement on the 10th day?

c. What about your excitement on the 30th day?

Now, pretend that your favorite national brand gasoline company informs you that you have won as much as you want free gasoline, as much as you want, from any of their gas stations, anywhere in the country every day for a year.

. Using the concept of diminishing marginal utility, discuss how excited you will be on the first day of your winning

a. What about your excitement on the 10th day?

b. What about your excitement on the 30th day?

Again, considering the concept of utility, what makes these two scenarios different?

Organizational Behavioral

Discussion 1

Discussion Overview

You looked at motivation theories in the Learning Activities. Now you will practice applying these theories to real life.

Based on your review of the Learning Activities address the topic questions:

Topic: Motivation

• What are your motivators to work?

• If you had to list your motivators in order, what would this look like? Explain.

• Do you think that your family members or siblings are motivated by the same motivators and in the same order? Why or why not?

Discussion 2

Topic 2: Corporate Social Responsibility (CSR)

CSR involvement by employers affects employee job satisfaction according to research (Robbins & Judge, 2019). Many job hunters are looking for employers who address the triple bottom line of profit, the consideration of people, and the environment. Do some research on the Internet on socially responsible companies.

• Share a company name and the URL that provides evidence of addressing the triple bottom line.

• Explain: What, if any expectations does the employer put on employees to contribute to the company's social responsibility? Are the expectations motivating or not? [Note: The latter may be a guess, but you should justify your statement with the research on this subject from your text].

Reference

Robbins, S. P. & Judge, T. A. (2019). Organizational behavior (18th ed.). New York, NY: Pearson.

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Microeconomics: Concept of diminishing marginal utility
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