Examlex
Jack and Luke used the same mechanic to fix their cars.Both were unhappy with recent repairs.Luke who complained because his car was improperly repaired will have a ______ level of adequate service and a _____ zone of tolerance than Jack who did not complain about how poorly his car was running after the mechanic put in new spark plugs and did other maintenance.
Marginal-Cost Curve
A graphical representation showing how the cost to produce one additional unit of a good or service changes as production volume changes.
Average-Total-Cost Curve
A curve showing the average total cost of producing different levels of output in the short run.
Punishment
A consequence imposed after an undesirable behavior, aimed at reducing that behavior.
Negative Reinforcement
A behavioral concept where the removal of an unfavorable event strengthens the behavior that led to its removal.
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