A Child Learns That Whenever He Eats All of His

question 134

Multiple Choice

A child learns that whenever he eats all of his dinner he gets a cookie for dessert. This type of learning is BEST explained by ________.

• A) classical conditioning
• B) social learning theory
• C) biofeedback theory
• D) operant conditioning

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Definitions:

Long-Run Cost Curve

A graph showing the lowest cost at which a firm can produce any given level of output in the long run, when all factors of production are variable.

Average Total Cost

The total cost of production (including fixed and variable costs) divided by the number of units produced, indicating the per-unit cost of production.

X-Inefficiency

Inefficiency in an organization's allocation of resources due to a lack of competitive pressure, often leading to higher costs and lower output.

Profit-Maximizing Output

The point of production where a company reaches its maximum profit potential.