Refer to the Graph Shown

question 91

Multiple Choice

Refer to the graph shown. The least-cost method of producing 1,000 units of output is shown at point:

• A)A.
• B)B.
• C)C.
• D)D.

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Definitions:

Self-Serving Bias

The common tendency to attribute our successes to personal characteristics and our failures to factors beyond our control.

Fundamental Attribution Error

The tendency to attribute others' behavior to their character or disposition rather than to external factors.

Just-World Hypothesis

The belief that people get what they deserve and deserve what they get, which often underlies the assumption that the world is fair and justice is served.

Validity Effect

The tendency to believe that information is correct or valid simply because it has been repeated multiple times.