Rannilt Was Euphoric After Learning That She Had Been Accepted

question 20

Multiple Choice

Rannilt was euphoric after learning that she had been accepted by the medical school of her choice. After a few weeks, however, she is only mildly excited when she thinks about her admission to medical school. This change in her feelings can best be explained in terms of

• A) the catharsis hypothesis.
• B) relative deprivation.
• C) the feel-good, do-good phenomenon.
• D) the adaptation-level phenomenon.

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Definitions:

Marginal Products

The additional output resulting from a one-unit increase in the use of a variable input, holding all other inputs constant.

Exponents

Mathematical expressions denoting the power to which a number or variable is raised, indicating repeated multiplication.

Production Function

An equation that specifies the amount of product that can be produced from different quantities of inputs.

Returns To Scale

The rate at which production output increases as a result of a proportional increase in all input factors.