Filip Is Overweight and Is Often Made Fun of by People

question 27

Multiple Choice

Filip is overweight and is often made fun of by people at work.They assume that he is obese because he is lazy and a binge eater and avoids exercising.They are unaware of the fact that Filip suffers from a medical condition that has slowed down his metabolism and exhausts him easily.In the context of social thinking,this scenario illustrates:

• A)the halo effect.
• B)the fundamental attribution error.
• C)the less-is-better effect.
• D)Parkinson's law of triviality.

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Definitions:

Interest-Rate Cost-of-Funds Curve

A graphical representation displaying the relationship between interest rates and the total cost of funds to a lending institution.

Marginal Cost Element

The increase in total cost that arises from producing one additional unit of a good or service.

MB = MC Decision Framework

A principle in economics where optimal decision-making is achieved when the marginal benefit (MB) of an action equals its marginal cost (MC).

Interest-Rate Cost of Borrowing

The cost associated with borrowing funds, typically expressed as a percentage of the amount borrowed.