Use the Following to Answer Question

question 147

Multiple Choice

Use the following to answer question:
-(Table: Prices and Demand) The New Orleans Saints have a monopoly on Saints logo hats.The marginal cost of producing a hat is $18.If the Saints increase the number of hats they sell from 4 to 5,marginal revenue is:

• A)$20.
• B)$22.
• C)$8.
• D)$12.

Recognize the fundamental attribution error and its implications in daily life and social judgments.

Comprehend the influences of situational and dispositional factors on behavior.

Identify the effects of role-playing, social norms, and cognitive dissonance on attitudes and behaviors.

Analyze how attitudes are formed and how they guide behavior.

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Definitions:

Arbitration

A method of resolving disputes outside the courts, where the parties to a dispute refer it to one or more arbitrators who make a binding decision.

Legal Proceedings

Formal activities carried out by a court, such as trials or hearings, to resolve disputes or enforce laws.

Judicial Review

The power of courts to assess the constitutionality of legislative acts or decisions made by the government or other public bodies.

Marbury v. Madison

A landmark U.S. Supreme Court case which established the principle of judicial review, enabling courts to strike down laws conflicting with the Constitution.