As We View the World, Objects Often Appear to Stand

question 120

Multiple Choice

As we view the world, objects often appear to stand out against a backdrop. This is the Gestalt principle of _____

• A)similarity.
• B)proximity.
• C)figure-ground.
• D)continuity.

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Definitions:

Profit-maximizing

The process or strategy of adjusting production and prices to achieve the highest possible profit, taking into account costs and market demand.

Marginal Product

The additional output that results from using one more unit of a particular input, holding all other inputs constant.

Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to manual or unskilled workers.

Diminishing Returns

A principle stating that adding an additional factor of production results in smaller increases in output.