Researchers Have Found That Certain Factors Are Related to Happiness

question 25

Multiple Choice

Researchers have found that certain factors are related to happiness.One of these is that happy people tend to

• A) be well educated.
• B) have many children.
• C) have a satisfying marriage or close friendship.
• D) be physically attractive.

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Definitions:

Production Function

A mathematical representation that shows the relationship between input factors and the output of a product or service.

Production Process

The series of steps and activities involved in transforming raw materials into finished goods or services.

MRTS

The Marginal Rate of Technical Substitution; the rate at which a firm can substitute one input for another while keeping the level of output constant.

Marginal Productivity

Marginal productivity refers to the additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.