Delia Loves to Travel and Loves Exploring and Being Surprised

question 43

Multiple Choice

Delia loves to travel and loves exploring and being surprised about what is around the next corner.She does not like to plan ahead too much because she believes that you never know where you'll be at the end of the day.Her partner,Sal,likes to plan ahead and learn where all the sights are and to book the best hotels based on their budget.This difference is the cause of much arguing,and,for their upcoming trip,Delia is trying to convince Sal to book a "last minute" surprise trip on a website where they would not even know their destination until the trip was booked.In contrast,Sal has developed a day-by-day plan for a trip to Italy.What best describes the situation in which Delia and Sal have found themselves? Delia and Sal:

• A) have polarized around the issue of planning.
• B) are engaging in negative reciprocity.
• C) probably have low levels of epinephrine as a result of their conflict.
• D) are positively reinforcing each other's position in the conflict.

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Price Taker

An economic term referring to a company or an individual that cannot control the market price of its product and must accept the prevailing market price.

Total Revenue

The aggregate revenue a corporation generates from sales or services in a given time frame.

Economic Profits

The profit a company makes after accounting for both the explicit costs of production and the opportunity costs of capital.