What Is an Action Potential

question 207

Multiple Choice

What is an action potential

• A) an electrical signal that travels along the axon of a neuron 
• B) the small gap that exists between adjacent neurons 
• C) the tiny electrical charge that exists when a neuron is neither receiving nor sending information 
• D) the release of neurotransmitters

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Definitions:

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of spending on a product or service and what they end up spending.

Consumer Surplus

The difference between the total amount consumers are willing and able to pay for a good or service and the total amount they actually pay.

Willingness to Pay

The maximum amount an individual or entity is willing to pay for a good or service, reflecting its perceived value.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.