Table: Demand and Utility Schedules for Packs of Scented Candles

question 23

Multiple Choice

Table: Demand and Utility Schedules for packs of scented candles $$\begin{array} { | c | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Marginal Utility } & \text { Total Utility } \\\hline \$ 8 & 1 & & \\\hline \$ 7 & 2 & & \\\hline \$ 6 & 3 & & \\\hline \$ 5 & 4 & & \\\hline \$ 4 & 5 & & \\\hline\end{array}$$
-If the price were $5 each,her consumer surplus would be

• A)$31.
• B)$20.
• C)$18.
• D)$7.
• E)$6.

Acquire knowledge on Fechner's law and how it describes the relationship between stimulus intensity and sensation.

Distinguish between different sensory modalities based on Weber fraction and the concept of just-noticeable difference (jnd).

Identify the historical and philosophical underpinnings of psychophysics, including contributions from Kant and the British empiricists.

Understand signal detection theory and its relevance in psychophysics.