It Is Not Uncommon for People to Hang on to Their

question 35

Multiple Choice

It is not uncommon for people to hang on to their beliefs even when substantial evidence suggests they are untrue,counterproductive,and even harmful.This tendency is known as the

• A)belief perseverance phenomenon.
• B)belief continuity phenomenon.
• C)correspondence bias.
• D)belief disconfirmation bias.

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Definitions:

Marginal Cost

The additional cost incurred from producing one more unit of a product or service.

Average Total Cost

The total cost of producing a given quantity of output divided by that quantity, representing the per unit cost of production.

Operate

To control the functioning of; to manage and direct the operations of a system, process, machine, or organization.

Shut Down

The temporary or permanent cessation of operations, typically referring to businesses closing due to economic difficulties or other factors.