Answer:
The correct answer is: Ignores the purchase price is now a sunk cost.
Explanation:
A sunk cost can be understood as money that has already been spent and therefore it is impossible to recover it. In other words, sunk costs are unrecoverable costs.
<u>It is a concept widely used in the economy, microeconomics, and business.</u>
<u>It is also known as retrospective cost. </u>
In conclusion, a sunk cost is a sum of money that was paid in the past and doesn't have any relevance in the present moment or the future.
In this particular case, Grace's behavior indicates that she is ignoring the fact that the purchase price of the pair of shoes is now a sunk cost.
<span>A sudden realization of the solution to a problem is called insight.
The term insight stands for problem solving. If </span><span>the solution to the problem occurs suddenly in conscious then that is a insight in problem solving.
</span>The first stage of the insight is working on the problem without solving it.The second stage of insight problem solving is incubation, the third stage is finally producing the insight and the last one, the fourth <span>is verifying that the insight is correct. </span>
Recall Solomon Asch’s classic experiment on social conformity, in which the participant is in a group of people who are giving clearly incorrect responses in a line length judgment task. In these experiments, social psychologists would be affected by the social pressure of the members.
<u>Explanation:</u>
Solomon Asch conducted an experiment which was known as the conformity experiment. According to the experiment he conducted, he wanted to investigate the amount of social pressure from the whole group would affect the person in that group to conform in that particular way in which the whole group is responding because of the pressure. If the person, will also give an incorrect answer, it would be totally because of the social pressure.
This is false!
Whenever you use a source in your work, or an idea that is not yours, you should cite it. This applies to unpublished work, too.
Think about like this- in this case no one can ever accuse you of plagiarism- after all you were open about the source in the first place!
