The Following Data Pertains to Activity and Utility Costs for Two

question 9

Multiple Choice

The following data pertains to activity and utility costs for two recent years: $$\begin{array} { | l | l | l | } \hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Activity level in units } & 12,000 & 8,000 \\\hline \text { Utilities cost } & \$ 15,000 & \$ 12,000 \\\hline\end{array}$$ Using the high-low method, the cost formula for utilities is?

• A)$1.25 per unit.
• B)$6,000 plus $0.75 per unit.
• C)$8,000 plus $0.50 per unit.
• D)$1.50 per unit.

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Definitions:

Social Schemas

Cognitive frameworks that help in organizing social information based on past experiences and social norms.

Social Schema

A mental framework that enables individuals to organize and interpret social information.

Fundamental Attribution Error

The tendency to overemphasize personality-based explanations for others' behaviors in situations, while underemphasizing the role of external factors.

Latitude of Acceptance

The range of ideas that an individual sees as reasonable or worthy of consideration.