The Process by Which Members of a Group Individually Conclude

question 75

Multiple Choice

The process by which members of a group individually conclude that nothing is wrong because they observe that no one else seems to be worried is called:

• A) alienation.
• B) community feeling.
• C) pluralistic ignorance.
• D) the bystander effect.
• E) altruism.

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Definitions:

Output

The total quantity of goods or services produced within a specific period by a firm or industry.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additional output from each new unit of input will eventually decrease.

Variable Factors

Elements in production that can change in the short term, such as labor and raw materials, in contrast to fixed factors like capital.

Total Cost

The complete sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.