In General, We Are Attracted to People Who

question 87

Multiple Choice

In general, we are attracted to people who

• A)we are familiar with.
• B)are different from ourselves in many ways.
• C)are honest with us about our faults and shortcomings.
• D)we feel superior to or who can be strongly influenced by us.

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Definitions:

Total Product

The overall quantity of output that a firm produces, typically over a specific period, given a certain level of input.

Marginal Product

The additional output that is produced by using one more unit of a particular input, assuming all other inputs remain constant.

Implicit Costs

The opportunity costs that arise from using resources that a company already owns for production, instead of earning revenue from these resources elsewhere.

Explicit Costs

Explicit costs refer to direct payments made to others in the course of running a business, such as wages, rent, and materials.