Answer: B. an output of the product that is less than the amount consistent with ideal economic efficiency
Explanation: Economic efficiency is the state in which all available resources are optimally allocated to serve each individual or entity in the best way while reducing to the minimum, waste and inefficiency. In reality, economic efficiency has shown that nothing can be improved without something else being hurt.
When competitive forces are weak, it leads to decrease in output as economic efficiency is only maximized when price is equal to marginal revenue because at this point both profit and efficiency are maximized.
Answer:
Attribution
Explanation:
Attribution in social psychology is the method of determining the reasons for events or behaviors. Attribution is used in our daily life, usually without any knowledge of the underlying mechanisms and prejudices that contribute to our self serving biases. Therefore attribution perspective unfolds the cause of human behavior.
Answer:
This phenomenon is called social facilitation.
Explanation:
Social facilitation refers to one's <em>tendency to </em><em>improve</em> his/her performance <em>when other individuals are present</em>. When the individual is alone, he/she has certain performance but having other individuals around tends to make this individual want to improve.
In this case, Cody is riding the bike at a leisurely pace but as soon as the gym gets less empty, she <em>improves her performance by the sheer presence of others. </em>
Some criticisms that have been leveled at psychodynamic theories of personality are the reliance on early childhood familial experiences that come up later in life and too much emphasis on explaining how sexuality messes with behaviors.
