Which of the Following Is NOT One of the Components

question 10

Multiple Choice

Which of the following is NOT one of the components of an attitude as defined by social psychologists?

• A) behavioral tendencies
• B) genetic factors
• C) beliefs
• D) emotional responses

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Definitions:

Economic Profit

The financial gain made in a transaction after subtracting both the explicit and implicit costs.

Profit-maximizing Output

The level of production at which a firm achieves the highest possible profit, determined by equating marginal revenue and marginal cost.

Pure Monopolist

A sole provider of a unique product or service without close substitutes, giving the firm significant control over prices.

Marginal Revenue

The additional income generated by selling one more unit of a good or service.