A Response Threshold Is the

question 42

Multiple Choice

A response threshold is the

• A) exposure duration for which a word must be displayed tachistoscopically for a particular participant to perceive it.
• B) number of correct responses required in order for a participant to perform above average on a particular task.
• C) amount of certainty or conviction a participant expresses when selecting a particular response.
• D) activation level at which a response occurs.

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Definitions:

Price Charge

The amount of money demanded by a seller for a product or service, essentially the cost to the buyer.

Marginal Revenue Curve

A graphical representation that shows how the addition of one more unit of a good or service sold affects the total revenue of a business.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Long-Run Equilibrium

A state in economics where all factors of production and economic variables are in balance, and no external pressures are causing change.