The Table Given Below Shows the Total Revenue and Total

question 12

Multiple Choice

The table given below shows the total revenue and total cost of producing a commodity. Table 8.1

- In Table 8.1,if the firm produces five units of output,it makes a profit of _____.

• A)$3,000
• B)$0.
• C)$3,000.
• D)$1,200.
• E)$1,000.

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Definitions:

Cognitive Dissonance Theory

A psychological theory that explains the discomfort that arises from holding two conflicting beliefs simultaneously, leading individuals to change their attitudes, beliefs, or behaviors to reduce the discomfort.

Role-Playing Theory

A theory that suggests individuals adopt certain behaviors or attitudes when they are assigned specific roles, influencing their social interactions and identity.

Racial Bias

A form of prejudice that results in the unjust favoring or disadvantaging of individuals based on race.

Police Officers

Law enforcement personnel tasked with maintaining public order, enforcing laws, and preventing, detecting, and investigating criminal activities.