The Human Ear Is Capable of Detecting Changes in Pressure

question 64

Multiple Choice

The human ear is capable of detecting changes in pressure. The tiny hairs that detect this information are located in the

• A) cochlea.
• B) ear canal.
• C) eardrum.
• D) outer ear.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received but were given up.

Explicit Cost

Direct, out-of-pocket payments for resources employed in the production of goods or services.

Marginal Cost

The additional cost incurred by producing and selling one more unit.

Fixed-Cost Fallacy

Consideration of costs that do not vary with the consequences of your decision (also known as the sunk-cost fallacy).