Chapter 10 Discussed Research in Which Two People Need to Work

question 52

Multiple Choice

Chapter 10 discussed research in which two people need to work together to place some abstract shapes in a specified order.This research showed that:

• A)people had great difficulty agreeing about the descriptions for abstract shapes,so this task was extremely challenging.
• B)people typically reached agreement after only one trial.
• C)people quickly learned to create brief names for each abstract shape.
• D)people cannot establish "common ground" with strangers.

---

Definitions:

Maximize Profit

The process or strategy of adjusting the production and sales operations of a company to generate the highest possible return or profit.

Marginal Revenue

The incremental income obtained from the sale of one extra unit of a product or service.

Maximize Profit

The process of adjusting inputs and outputs in order to achieve the highest possible return on investment.

Total Revenue

The total income generated by a firm from its sales activity, calculated as the unit price of a good times the quantity of goods sold.