After Repeatedly Tasting a New Potato Chip and Then an Old

question 112

Multiple Choice

After repeatedly tasting a new potato chip and then an old style chip,a test subject finally states that all potato chips taste the same.Which measurement has most likely been determined?

• A)difference threshold.
• B)absolute threshold.
• C)accommodation.
• D)response bias.

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Definitions:

Marginal Cost Curve

A graph that shows the cost of producing one more unit of a good or service at any given level of production.

Average Total Cost (ATC)

The total cost of production (fixed and variable costs combined) divided by the number of units produced, indicating the average expense per unit of output.

Total Cost

The aggregate cost of all resources used in the production of a good or service, including both fixed and variable costs.

Output

The total quantity of goods or services produced by a firm, industry, or economy within a certain period.