Hugo Münsterberg Did All of the Following Except

question 25

Multiple Choice

Hugo Münsterberg did all of the following except:

• A) create an early form of the polygraph test.
• B) create a system called scientific management.
• C) apply psychology to industry.
• D) participate in designing and promoting psychology at the 1893 World's Fair.

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Definitions:

Marginal Cost Curve

A graphical representation showing how the cost to produce one additional unit changes as production increases.

Economic Profit

The total revenue minus explicit and implicit costs; it represents additional income over what could be earned in the next best alternative.

Average Total Cost

This refers to the total cost of production divided by the number of units produced, representing the cost per unit.

Marginal Cost Curve

A graph that shows the relationship between the marginal cost of producing an additional unit of a good or service and the quantity produced.