At the _______ Level,we May Choose to Examine Issues Such

question 24

Multiple Choice

At the _______ level,we may choose to examine issues such as what types of training yield positive outcomes for organizations and trainees (i.e.what works) .

• A)resource level
• B)structure level
• C)macro level
• D)micro level

Recognize the significance of zero economic profits and what it implies about a firm’s performance relative to its alternatives.

Understand the conditions under which firms will enter or exit an industry based on economic profits.

Determine the effects of variable resource additions to fixed resources on production and cost.

Analyze the relationship between total product, marginal product, and average product in the context of production.

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Definitions:

Difference Threshold

The minimum difference in stimulation that a person can detect 50 percent of the time, also known as the just-noticeable difference (JND).

Absolute Threshold

The minimum intensity at which a stimulus can be detected by an individual 50% of the time.

Weber's Law

A principle stating that the just-noticeable difference between two stimuli is proportional to the magnitude of the stimuli.

Absolute Threshold

The minimum intensity of stimulation that must occur before you experience a sensation.