In the Phi Upsilon Nu Sorority at Upstate University, Sisters

question 71

Multiple Choice

In the Phi Upsilon Nu sorority at Upstate University, sisters expect each other to party hard on the weekends, to get multiple navel piercing, and to wear the color pink. This set of shared expectations of how group members ought to behave is called

• A) a descriptive norm.
• B) a postscriptive norm.
• C) an injunctive norm.
• D) a proscriptive norm.

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Definitions:

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive, typically represented by an area on a graph.

Supply Curve

A graph displaying the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to provide, holding all else equal.

Diminishing Marginal Product

A principle stating that as more of a variable input is added to a fixed input, the additional output produced from each additional unit of the variable input eventually decreases.

Marginal Costs

The supplementary cost arising from the manufacture of an extra unit of a good or service.