What Is the Possible Relationship of Identity Processes to the Decision

question 8

Essay

What is the possible relationship of identity processes to the decision to retire and adjustment to retirement of people who (a) undergo forced layoffs, and (b) make a voluntary decision to retire?

---

Definitions:

Marginal Social Cost

The additional cost to society of producing one extra unit of a good or service.

Garbage Disposal

A device installed under a kitchen sink that shreds food waste into small pieces to pass through plumbing.

Recycling

The process of converting waste materials into new products to prevent waste of potentially useful materials, reduce consumption of fresh raw materials, and lower energy usage and pollution.

Marginal Benefit

The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service.