If Roberts Electronics Finds That the Average Total Cost of Its

question 19

Multiple Choice

If Roberts Electronics finds that the average total cost of its radar detectors and the marginal cost of its radar detectors are both $85, then

• A)its marginal costs are falling.
• B)average total cost is at its maximum.
• C)average total costs are rising.
• D)demand is elastic.
• E)average total cost is at its lowest level.

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Definitions:

Perceptual Learning

A process through which practice or experience leads to improvements in the processing of sensory information.

Featural Analysis

A process in object recognition and perception involving the breakdown and analysis of sensory input into fundamental features or components.

Face Perception

The classification and recognition of stimuli that are faces.

Gestalt Psychology

A school of psychology emphasizing the study of whole entities rather than simple elements. Gestalt psychologists concentrate on problems of perception and problem solving, and they argue that people’s cognitive experience is reducible not to their experience of simple elements (e.g., sensations) but rather to the overall structure(s) of their experience.