Sensation Is _______

question 128

Multiple Choice

Sensation is _______.

• A)the organization of stimuli to create meaningful patterns
• B)the stimulation of the senses
• C)the presence of sensory cell activity in the absence of external stimulation
• D)the result of activity in the efferent nervous system

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Definitions:

Oligopsony

Market with only a few buyers.

Buying Price

The price at which a good or service is purchased by a consumer or another business.

Marginal Value Curve

The marginal value curve represents how the value of the last unit consumed (marginal value) changes as the quantity consumed increases.

Marginal Expenditure

The extra expense that results from acquiring or making an additional unit of a product or service.