Weber and Fechner found
A. that the minimally perceptible difference is roughly proportional to the original intensity of the stimulus.
B. that it is easier to tell the difference between a 25 and a 50-watt light bulb than it is to tell the difference between a 100-watt bulb and a 300-watt bulb.
C. that the minimally perceptible difference is inversely proportional to the original intensity of the stimulus.
D. consumers are more likely to drive 10 blocks to save $5 on a $500 television than they are to drive 10 blocks to save $5 on a $25 clock.
Answer: A
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The sale of western land after 1790 was steady and strong
Indicate whether the statement is true or false
The firm should hire more labor as long as doing so adds more to ________ than it does to ________
a. costs; revenues b. revenues; resources c. costs; resources d. revenues; costs
Oil producers expect that oil prices next year will be lower than oil prices this year. As a result, oil producers are most likely to
A) place more oil on the market this year, thus shifting the present supply curve of oil rightward. B) hold some oil off the market this year, thus shifting the present supply curve of oil leftward. C) place more oil on the market this year, thus increasing the quantity supplied of oil at lower but not higher prices. D) hold some oil off the market this year, thus decreasing the quantity supplied of oil at lower but not higher prices.
The joining of firms that are producing or selling a similar product is known as
A. economies to scale. B. a conglomerate merger. C. a horizontal merger. D. a vertical merger.