Using the Availability Heuristic,how Should One Impress Others with the Seriousness

question 31

Multiple Choice

Using the availability heuristic,how should one impress others with the seriousness of homelessness in the world?

• A)use metaphors to illustrate the number of homeless people.
• B)dramatize the plight of a single family.
• C)show pictures of shelters where the homeless go for help.
• D)ask individuals to imagine themselves in the situation of a homeless person.

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Definitions:

Standby Customers

Customers who are available to purchase or subscribe to a service on an as-needed basis, often used in context with utilities or telecommunications.

Profit

The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Economies of Scale

The cost advantage that arises with increased output of a product, leading to a reduction in the per-unit cost of production.

Average Total Cost

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the cost per unit of output.