Sensory Adaptation Refers to

question 31

Multiple Choice

Sensory adaptation refers to

• A) the process by which stimulus energies are changed into neural impulses.
• B) diminished sensitivity to an unchanging stimulus.
• C) the process of organizing and interpreting sensory information.
• D) changes in the shape of the lens as it focuses on objects.

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Definitions:

Profit-Maximizing Rule

A principle stating that profit maximization occurs when a firm's marginal cost equals its marginal revenue.

Perfectly Competitive

Describes a market structure where many firms sell identical products, there are no barriers to entry or exit, and all firms are price takers.

Excess Capacity

A situation where a firm is producing at a lower scale of output than it has been designed for, leading to inefficiencies.

Average Total Costs

The total costs of production divided by the number of units produced, representing the cost per unit.