The Difference Between an Average Rate and an Instantaneous Rate

question 25

Multiple Choice

The difference between an average rate and an instantaneous rate is ________

• A)the average rate is taken over a longer time period.
• B)the instantaneous rate is taken from the slope of the curve at a specific time.
• C)They are not different if the time interval chosen is small enough.
• D)All of the above are correct.

---

Definitions:

Decision Making

The act of determining choices by pinpointing a decision, accumulating information, and examining other possible answers.

Preset Level

A predetermined or established level or standard that needs to be achieved or which serves as a benchmark for performance or operation.

Implicit Favorite

An unspoken preference or bias towards a particular option or choice in decision-making processes.

Escalation of Commitment

A psychological process whereby an individual continues to support a failing course of action due to cognitive biases, loss aversion, and sunk costs.