Color Constancy Refers to the Fact That

question 5

Multiple Choice

Color constancy refers to the fact that

• A) light waves reflected by an object remain constant despite changes in lighting.
• B) objects are perceived to be the same color even if the light they reflect changes.
• C) the perceived color of an object has a constant relation to its brightness.
• D) the frequency of light waves is directly proportional to the light's wavelength.

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Definitions:

Marginal Revenue

The supplementary earnings obtained by selling one more unit of a good or service.

Profit-Maximizing

The process or strategy of adjusting production and pricing to achieve the highest possible profit.

MR = MC

A condition where the marginal revenue (MR) equals marginal cost (MC), which is the profit maximizing level of output for a firm under perfect competition.

Marginal Revenue

The increased income derived from the sale of one extra unit of a good or service.