Opportunity Cost Is

question 6

Multiple Choice

Opportunity cost is:

• A)The sum of the value of all the forgone activities.
• B)The value of the second and third actions forgone.
• C)The next best forgone opportunity.
• D)The value of the action chosen, net of the value of the next best action.
• E)None of the above.

Identify and explain Freud's psychoanalytic stages of development and associated concepts.

Recognize and explain Piaget's stages of cognitive development.

Apply Erikson's psychosocial stages of development to assess the psychosocial needs of various age groups.

Understand the concept of developmental tasks and the influence of environmental, cultural, and genetic factors on development.

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Definitions:

Stationary Object

An object that is not in motion; remaining in the same place relative to its surroundings.

Just Noticeable Difference

The minimum difference in stimulation that a person can detect 50% of the time, also called the difference threshold.

Ounce

A unit of weight in the avoirdupois system, equivalent to 1/16th of a pound or approximately 28.35 grams.

Sensory Adaptation

The gradual decrease in sensory receptors' sensitivity to unvarying stimuli as time goes on.