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Aidan,CEO of a tech-giant,works for more than 10 hours a day and receives compensation according to his efforts.Jacob is an employee in the same company and works for five hours a day and receives a salary which is half the amount of Aidan's salary.According to some social-psychological theorists,Aidan and Jacob will perceive themselves as having ________ in this scenario.
Output
The total amount of goods or services produced by a firm, industry, or economy within a specific period.
Fixed Cost
A cost that does not change with the level of output or production, such as rent or salaries.
Short Run
A period in economics during which at least one input, such as plant size, is fixed and cannot be changed.
Physical Capital
Tangible assets such as buildings, machinery, and equipment used in the production of goods and services.
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