Which of the Following Is NOT True of People's Observations

question 101

Multiple Choice

Which of the following is NOT true of people's observations of their own behavior?

• A) People are usually realistic and objective.
• B) People tend to evaluate themselves in a more positive light than they really merit.
• C) In survey of high school students,100% of the respondents saw themselves as above average.
• D) In a survey of high school students,25% of the respondents thought they belonged in the top 1%.

---

Definitions:

Revenue Curves

Graphical representations that show how a firm's revenue changes in response to changes in price, holding other factors constant.

Total Revenue

The overall amount of money earned by a company from the sale of its goods or services, calculated as the price per unit times the number of units sold.

Price Charged

Price charged refers to the amount of money levied on a product or service by a seller, which the buyer must pay to complete the transaction.

Total Revenue Curve

A graphical representation showing how total revenue changes as the quantity sold of a good or service varies, holding all else constant.