Perceptions Differ from Sensations in That

question 2

Multiple Choice

Perceptions differ from sensations in that:

• A)perceptions depend as much on prior experience as they do on neural cues traveling between receptors and the brain.
• B)perceptions are purely psychological,whereas sensations are purely neural.
• C)each sensation is actually a large set of perceptions.
• D)sensations depend mostly on learning,whereas perceptions are innate processes.

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Definitions:

Marginal Returns

The additional output gained by adding one more unit of input, holding all other inputs constant.

Minimum Efficient Scale

The minimum efficient scale is the lowest point of production where a firm can achieve the economies of scale, reducing its cost per unit to the minimum.

Economic Profits

The surplus or profit gained by a firm after subtracting all its costs, including both explicit and implicit costs, from its total revenues.

Accounting Profits

The net income for a company calculated by subtracting total expenses from total revenues, according to standard accounting practices.