The Tendency to Think of People as Being Similar to Oneself,even

question 69

Multiple Choice

The tendency to think of people as being similar to oneself,even when meeting them for the first time,is known as _________________.

• A)assumed-similarity bias
• B)halo effect
• C)self-serving bias
• D)fundamental attribution error

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Definitions:

AFC Curve

The average fixed cost curve, representing the fixed costs associated with producing goods or services, spread out over the quantity produced.

Fixed Cost

Costs that do not vary with the level of output or business activity, such as rent, salaries, and insurance premiums.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, representing how fixed costs dilute as more units are produced.

Variable Costs

Costs that vary directly with the level of production or business activity, such as materials and labor used in the production of goods.