When Cognitive Dissonance Occurs After the Purchase It Is Called

question 61

True/False

When cognitive dissonance occurs after the purchase it is called post-purchase dissonance.

---

Definitions:

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good varies with the level of production.

Average Variable Cost

The total variable cost divided by the quantity of output produced, representing the cost of producing one more unit.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production increases.

Industry Supply Curve

A graphical representation showing the relationship between the price of a good and the total output of the industry as a whole.