The Figure Shows the Graphs of the Cost and Revenue

question 5

Multiple Choice

The figure shows the graphs of the cost and revenue functions for a company that manufactures and sells binoculars. Use the information in the figure to answer the question.

-Is there a profit when 956 binoculars are produced?

• A)No
• B)Yes

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Definitions:

Entitativity

The degree to which a collection of people feels like a cohesive group.

Social Identity

The part of an individual's self-concept derived from perceived membership in social groups.

Social Facilitation

The tendency for people to perform differently when in the presence of others than when alone, typically improving on simple or well-learned tasks.

Ingroup Bias

A tendency to favor groups we belong to more than those that we don’t.