The Psychotechnic Method Was Developed by ____ and Is Described

question 13

Multiple Choice

The psychotechnic method was developed by ____ and is described as ____.

• A)Hugo Münsterberg; scientifically matching the right worker to the right job to maximize workplace efficiency
• B)Wilhelm Wundt; the merging of psychological methods with technology to create more empirically sound research results
• C)Hugo Münsterberg; the empirical testing of physical measurements and the quantification of psychological phenomena
• D)Wilhelm Wundt; the German method of workplace organizational psychology

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Definitions:

Average Variable Cost Curve

The Average Variable Cost Curve graphically represents how a firm's variable costs (costs that change with the level of output) per unit of output change as the firm alters its level of production.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Marginal Cost Curve

A graphical representation that shows how the cost of producing one more unit of a good varies as production volume changes.

Diminishing Returns

A principle stating that as additional units of a variable input are added to a fixed input, the marginal product of the variable input eventually decreases.