Examlex

Solved

Although Cognitive Dissonance Is a Very Powerful Way to Change

question 81

Multiple Choice

Although cognitive dissonance is a very powerful way to change someone's attitude, it is not implemented on mass scales.Why not?


Definitions:

Constant-cost Industry

An industry where input prices do not change as industry output changes, resulting in a horizontal supply curve.

LRMC

Long-Run Marginal Cost, which is the additional cost of producing one more unit of output when all inputs, including capital, are variable.

LRAC

Long-Run Average Cost, a curve that shows the lowest possible average cost of production, allowing all factors of production to vary.

Long-run Elasticities

Measure of responsiveness of demand or supply to changes in price or income, considered over a period long enough for all adjustments to be made.

Related Questions