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In a study of interpersonal attraction, subjects watched a videotape featuring a person who was (1) either competent or incompetent, and (2) either did or did not spill coffee on himself (i.e., "blundered") . After watching the tape, all subjects indicated how much they liked the person in the film on a seven-point scale. Consider the following outcome: This outcome shows
Firm
A business organization, such as a corporation, partnership, or sole proprietorship.
Average Total Cost
The total cost of production divided by the number of units produced, representing the cost per unit of output.
Market Price
The present cost at which a product or service is available for purchase or sale in a market.
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