Which of the Following Statements Is CORRECT

question 424

Multiple Choice

Which of the following statements is CORRECT?

• A) As output increases, total cost and total fixed cost increase by the same amount.
• B) As output increases, total cost and total fixed cost increase but not necessarily by the same amount.
• C) As output increases, total cost increases and total fixed cost decreases.
• D) Total fixed cost plus total variable cost equals total cost.

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Definitions:

Just Noticeable Difference

The minimum difference in stimulation that a person can detect 50% of the time, a concept also known as the threshold of sensation.

Absolute Threshold

The minimum intensity of stimulation that must be achieved in order for a stimulus to be detected 50% of the time.

Taste Cells

Specialized sensory cells located on the taste buds of the tongue, responsible for perceiving different flavors such as sweet, salty, bitter, and sour.

Gustav Fechner

A German scientist who founded psychophysics and proposed the Fechner's law, relating physical stimuli to the sensation of their intensity.