Examlex
What factors shift the demand for labor curve? Briefly describe the effect of each.
Weber's Law
A principle in psychophysics stating that the smallest change in a stimulus that can be detected is a constant proportion of the baseline stimulus.
Noticeable Difference
The smallest change in a stimulus that can be detected by the senses.
Minimum Change
The least alteration that can occur in a situation or in the value of a variable.
Absolute Threshold
The minimum intensity of a stimulus at which it can be detected by an individual at least 50% of the time.
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