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Every time the rat presses the right lever,it receives one pellet.When the rat presses the left lever,70% of the time it receives nothing and 30% of the time it receives five pellets.The rat's lever pressing is being _____,reinforced and prospect theory predicts that the rat's will prefer to press the _____ lever.
Variable Costs
Costs that vary directly with the level of production or service provision.
Fixed Costs
Expenses that do not change with the level of goods or services produced over a short time.
Variable Costs
Expenses that change in proportion to the activity or production level of a business.
Fixed Costs
Expenses that remain constant for a period of time irrespective of the level of outputs, like rent, salaries, and loan payments.
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