At First, Group a Listens to a Weak Attack on a Common

question 93

Multiple Choice

At first, group A listens to a weak attack on a common belief, while group B listens to a speech supporting that belief and group C listens to music. Then all three groups listen to a strong attack on that belief. Which group (if any) will be influenced least by the strong attack?

• A) Group A will be influenced least.
• B) Group B will be influenced least.
• C) Group C will be influenced least.
• D) All three groups will be influenced equally.

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Definitions:

Marginal Cost

The change in total cost that arises when the quantity produced is incremented by one unit; essentially, it is the cost of producing one more unit of a good.

Output

The quantity of goods or services produced by a firm or economy.

Total Revenue Curve

A graphical representation that shows how total revenue changes as the quantity sold of a good or service changes, holding all other factors constant.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of output.