Psychologists Study Information Systems with an Eye to Understanding

question 19

Multiple Choice

Psychologists study information systems with an eye to understanding:

• A)how systems affect individuals,groups,and organizations.
• B)how human decision makers perceive and use formal information.
• C)how new information systems change the control and cost structures within the firm.
• D)the production of digital goods.
• E)mathematically based models and physical technology.

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Definitions:

Profit Maximizing

The process or strategy where a firm adjusts its production and sale of goods to achieve the highest possible profit.

Output Level

Refers to the quantity of goods or services produced by a firm or an economy at a given time.

Marginal Revenue

The additional revenue that is gained from selling one more unit of a product or service.

Marginal Cost

Expenses incurred from making one more unit of a product or service.