According to _____,Our Response to a Stimulus Depends on Both

question 229

Multiple Choice

According to _____,our response to a stimulus depends on both our sensitivity to the stimulus in the presence of noise and our decision criterion.

• A)the just noticeable difference theory
• B)Weber's law
• C)the absolute threshold theory
• D)signal detection theory

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Definitions:

Units of X

A quantifiable amount of a product or resource, denoted as 'X', used in various contexts to measure output, consumption, or other economic variables.

Marginal Rate

refers to the rate at which one variable changes as another variable changes slightly, commonly used in the context of taxes or interest.

Indifference Schedule

A representation of combinations of two goods between which a consumer is indifferent because they provide the same level of utility.

Substitution

The act of replacing one item with another, often referring to the economic principle where consumers switch between similar goods in response to changes in price or income.