Average Total Cost Increases as Long as Marginal Cost

question 65

Multiple Choice

Average total cost increases as long as marginal cost

• A)is greater than average cost.
• B)is less than average cost.
• C)increases faster than average cost.
• D)increases more slowly than average cost.
• E)increases.

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Definitions:

Reinforcement

In psychology, a process by which the likelihood of a behavior is increased through the administration of positive stimuli (rewards) or the removal of negative stimuli.

Intensity of the Punishment

Intensity of the Punishment refers to the severity or harshness of a penalty intended to modify behavior through aversive stimuli or consequences.

Response

A reaction to a specific stimulus or situation, which can be psychological, physiological, or behavioral.

Delay

The act of postponing or holding off an event, action, or operation.