You Have Just Met Tuong,a Math and Computer Science Double-Major

question 110

Essay

You have just met Tuong,a math and computer science double-major who is Asian.Your schema of Asians is that they are very smart and hardworking; your schema of math and computer-science majors is that they are "nerdy." According to research in social psychology,which of the following scenarios is most likely?

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Definitions:

Ideal Economic Efficiency

Achieving the optimum level of output and resource allocation where no individual or preference can be made better off without making someone else worse off.

Monopolist

A market participant that is the sole seller of a good or service, with significant control over its price.

Output Increase

Refers to a rise in the quantity of goods or services produced by an individual, company, or economy over a given period.

Economies of Scale

The decrease in unit cost that results from enhanced scale of operations, highlighting how companies can save on costs per unit by expanding their production scope.