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Tabitha was not quite sure how she felt about the new health care law signed by President Obama. She was leaning toward the idea that the health care bill was a good one, but she was still not completely for it. After discussing the bill with her four roommates, who were all in full support of the new legislation, Tabitha became a strong supporter of the new bill. What psychological phenomenon just occurred that caused Tabitha to solidify her point of view?
Competitive Employer
An employer who maintains a strong position within the labor market by offering compelling wages, benefits, or working conditions to attract and retain employees.
Inputs
Resources used in the production of goods and services, including labor, capital, materials, and technology.
Marginal Revenue Product
The extra income a company acquires by using an additional unit of input, like labor or capital.
Marginal Revenue Product
The additional revenue generated by employing one more unit of a resource, such as labor or capital, holding all other inputs constant.
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