The Process of Holding Extreme Beliefs on the Basis of a Single

question 78

Multiple Choice

The process of holding extreme beliefs on the basis of a single incident and applying them inappropriately to dissimilar events or settings is known as:

• A)labeling and mislabeling.
• B)overgeneralization.
• C)arbitrary inferences.
• D)selective abstraction.
• E)personalization.

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Definitions:

Average-Total-Cost Curve

A graphical representation that shows how the average total cost of production changes as the quantity of output is altered.

Diminishing Marginal Product

A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases.

Production Function

An equation or representation showing the relationship between inputs used in production and the output of goods and services.

Total Cost

The total expense of production encompassing both constant and fluctuating costs.