Answer the Question. -A Parcel Delivery Service Lowered Its Prices and Finds That

question 77

Essay

Answer the question.
-A parcel delivery service lowered its prices and finds that it has delivered twice as many
parcels this year as it did last year. To illustrate this fact, the manager draws a pictogram as
shown below. Each cube depicts a parcel. The side length of the "parcel" on the right is
twice the side length of the "parcel" on the left. Why is this pictogram misleading? What visual impression is portrayed by the pictogram?

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Definitions:

Salience

The quality of being particularly noticeable or important; in economics, it refers to how prominent or relevant a factor is in decision-making processes.

Framing

The concept of how choices are presented or "framed" can significantly influence decision-making processes.

Value Signal

An indication or measure that suggests the economic worth or utility of a product, service, or asset to consumers.

Credible Signal

An action taken by a party to demonstrate its ability or intention in a way that can be trusted or believed by others.