When We Explain Our Successes,we Tend to Use A(n)___ Attribution,but

question 163

Multiple Choice

When we explain our successes,we tend to use a(n) ___ attribution,but when we explain our failures,we tend to use a(n) ___ attribution.

• A) self-serving; fundamental
• B) positive; negative
• C) dispositional; situational
• D) external; internal

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Definitions:

MC = MR

The point where Marginal Cost equals Marginal Revenue, considered the optimal point of production for maximum profit.

ATC Curve

A graph showing the average total cost of production at different levels of output, illustrating how costs vary with changes in output.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, reflecting the total financial gain.

Perfectly Competitive Industry

A market structure characterized by many buyers and sellers, free entry and exit, homogeneous products, and perfect information, leading to price takers on both the supply and demand sides.