Without Telling You That I Have Used Photo-Editing Software to Create

question 64

Multiple Choice

Without telling you that I have used photo-editing software to create a photo, I show you a picture of yourself next to a flying saucer.Later I ask you if you ever had an encounter with a flying saucer in your childhood.You most likely will report that you

• A)probably are more confident that you had seen a flying saucer when a child than you would have been before seeing the picture.
• B)do not have any more confidence that you have seen a flying saucer than before you saw the obviously edited picture.
• C)will readily be able to recall an alien abduction in a past life while under hypnosis after seeing the picture.
• D)will be prompted to have a dream about an alien encounter in the near future.

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Definitions:

Average Variable Cost

The cost per unit of output that varies with the level of production, excluding fixed costs.

Average Total Cost

The sum of average variable costs and average fixed costs (costs that do not change with the level of output) divided by the quantity of output, representing the total cost per unit of output.

Average Fixed Cost

Permanent production expenses, which don't fluctuate with output changes, divided by the output number.

Marginal Cost

The increase in cost that arises from an additional unit of production.