Not All Members of the Radio Audience of Orson Welles

question 129

Multiple Choice

Not all members of the radio audience of Orson Welles' War of the Worlds broadcast panicked immediately.Indeed,some didn't panic until they looked out of the window and saw empty streets,while others didn't panic until they saw streets full of traffic.It was after checking out the situation that these citizens decided that the Martians had indeed invaded Earth.This example illustrates that contagion

• A)can result when people interpret ambiguous situations consistently with their fears.
• B)is especially likely when people are motivated to make independent decisions.
• C)can result when cultural norms reinforce people's most likely responses.
• D)only applies to people who tend to be gullible.
• E)occurs primarily because humans are by nature irrational creatures.

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Definitions:

Price

The financial expectation, obligation, or contribution made in payment for something.

Total Cost Curve

A graphical representation of the total cost, showing how total cost depends on the quantity of output.

Marginal Cost

The rise in sum total expense from the production of one extra unit of a product or service.

Market Price

The current price at which a good or service can be bought or sold in a marketplace.