Several Years Ago While Teaching in Russia, I Was Using

question 22

Essay

Several years ago while teaching in Russia, I was using a production function like the ones used in this text. Output is a function of labor, capital and technology. One professor asked me how I could talk about production without including all the inputs that go into the process. Write a response to this professor from what you know of a production function.
You should focus on the concept of value added production.

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Definitions:

Cannon-Bard Theory

An idea positing that emotional sensations and bodily responses occur concurrently but are distinct processes.

Bodily Arousal

A physiological reaction to stimuli that involves increased physical activity, such as elevated heart rate, blood pressure, and energy level, often in response to excitement, stress, or fear.

Emotion

A complex psychological state involving three distinct components: a subjective experience, a physiological response, and a behavioral or expressive response.

Paul Ekman

A psychologist known for his work on the facial expressions and emotions, and the co-discoverer of microexpressions.