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Who Is Credited with Discovering That There Is a Physiological

question 35

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Who is credited with discovering that there is a physiological basis for the ancient theory that laughter is good medicine?


Definitions:

Rental Price

The cost paid periodically by a lessee to use the assets of another entity.

Marginal Product

The additional output that is produced by using one more unit of a factor of production, all other inputs remaining constant.

Profit

Total revenue minus total cost.

Diminishing Marginal Product

The principle that as more of a variable input is added to a fixed input, the additional output produced from each new unit of input will eventually decrease.

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