When Group Discussion Strengthens Members' Initial Inclinations,we Say That ________

question 104

Multiple Choice

When group discussion strengthens members' initial inclinations,we say that ________ has occurred.

• A)social facilitation
• B)a risk shift
• C)group polarization
• D)groupshift

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Definitions:

Short-Run Average Total Cost (ATC₂)

The total cost divided by the quantity produced in the short-run, where some inputs are fixed.

Diminishing Marginal Returns

A principle stating that if one factor of production is increased while others are kept constant, the resulting increase in output will eventually decline.

Short-Run Average Total Cost (ATC)

The total cost per unit of output in the short run, where some factors of production are fixed.

Profit-Maximizing Level

The output level at which a firm achieves the highest profit, where marginal revenue equals marginal cost.