Use the Figure to Answer the Following Question(s)

question 58

Multiple Choice

Use the figure to answer the following question(s) .
Figure 10-10
-What is the approximate maximum economic profit this firm depicted in Figure 10-10 will be able to earn per month?

• A) zero profit
• B) $50,000 profit
• C) $200,000 profit
• D) $400,000 profit

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Definitions:

Weber's Law

A principle stating that the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.

Just Noticeable Difference

The minimal change in a stimulus that can just barely be detected by an organism.

Absolute Threshold

The lowest level of stimulation that a person can consciously detect 50 percent of the time the stimulation is present.

Stimulus

is any object or event that elicits a sensory or behavioral response in an organism.