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In order to determine thresholds for detection of a spice,researchers diluted various amounts of the spice in 10 litres of water and determined whether those concentrations could be detected by people with normal taste perception.Participants were always able to detect 5 grams of the spice,and never able to detect 1 gram of the spice.About half of the time,participants could detect 2 grams of the spice,and nearly always detected 3 grams.In this example,what is the absolute threshold for detection of this spice
Average Fixed Cost
The fixed costs of production divided by the quantity of output produced. This decreases as production increases.
Total Variable Costs
Expenses that change in proportion to the activity of a business such as materials, labor, and utilities, which vary with the level of output.
Average Fixed Cost
Production's fixed expenses (unchanged by the amount of production) split by the quantity of product made.
Average Variable Cost
The cost that varies with the level of output, computed by dividing total variable costs by the quantity of output produced.
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