Tyronne Really Disliked the Latest Hit Song When He First

question 94

Multiple Choice

Tyronne really disliked the latest hit song when he first heard it.He would grimace every time it was played on the radio.After hearing the song many times,he is surprised to realize that he has come to like it.Tyronne is experiencing:

• A) resolution of cognitive dissonance
• B) the mere exposure effect
• C) an implicit attitude
• D) peripheral persuasion

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Definitions:

Marginal Revenue Product

The extra income created from using another unit of an element like labor or capital.

Variable Input

Refers to inputs whose quantity can vary in production, affecting the total output.

Diminishing Returns

Diminishing Returns is an economic principle stating that as more investment is made in a particular area, the rate of profit from that investment, after a certain point, begins to decrease.

Total Labor Units

The total quantity of labor hours or labor efforts utilized in the production of goods or services.