In Order for David to Realize That He Heard the Train

question 8

Multiple Choice

In order for David to realize that he heard the train approaching fast, it has to involve the process(es) of

• A) sensation.
• B) perception.
• C) both sensation and perception.
• D) neither sensation nor perception.

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Definitions:

Resource

An economic or productive factor required to accomplish an activity, or as a means to undertake an enterprise and achieve desired outcome.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor.

Productivity

The measure of efficiency in converting inputs into useful outputs in production.

Input Demand Curves

Graphical representations that show the quantity of inputs a firm demands at different input prices.