Eugene Enjoys Highly Risky,exciting Activities Such as Cliff Diving and Wind

question 20

Multiple Choice

Eugene enjoys highly risky,exciting activities such as cliff diving and wind surfing.He is always looking for the next exciting adventure and is bored very easily.Eugene is

• A) a sensation-seeker.
• B) an instinct seeker.
• C) seeking incentives.
• D) self-actualized.

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Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product much more efficiently than with individual craftsmanship.

Average Product

The output per unit of input, typically calculated by dividing total product by the quantity of input used in its production.

Marginal Product

The additional output gained by employing one more unit of input, such as labor or capital.

Marginal Product

The extra output that is produced by using one more unit of a factor, such as labor or capital, while keeping other factors constant.