When People Judge Someone on the Basis of the Perception

question 15

Multiple Choice

When people judge someone on the basis of the perception of a group they are a part of,they are using the shortcut called ________.

• A)assumed similarity
• B)selectivity
• C)the halo effect
• D)stereotyping

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Definitions:

Marginal Revenue

The additional income gained from selling one more unit of a product.

Marginal Cost

The cost added by producing one additional unit of a product or service, which is crucial for decision-making in production and pricing.

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Average Revenue

Total revenue divided by the number of units sold, indicating the average income per unit of output.