Which of the Following Is True

question 61

Multiple Choice

Which of the following is true?

• A) The absolute threshold for any stimulus is a constant.
• B) The absolute threshold for any stimulus varies somewhat.
• C) The absolute threshold is defined as the minimum amount of stimulation necessary for a stimulus to be detected 75 percent of the time.
• D) The absolute threshold is defined as the minimum amount of stimulation necessary for a stimulus to be detected 60 percent of the time.

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Definitions:

Marginal Revenue Function

The rate at which total revenue changes with respect to the output quantity change.

Marginal Costs

The added cost that comes from producing an additional unit of a product or service.

Kinked Demand Model

An economic model that suggests prices remain stable because firms in oligopoly markets may not adjust their prices in response to small shifts in demand or cost.

Demand Curve Shifts

Changes in the demand curve caused by factors other than the price of the good, leading to a new quantity demanded at every price.