Once a Response Has Become Reliable, It Will Be More

question 57

Multiple Choice

Once a response has become reliable, it will be more resistant to extinction:

• A) on a continuous reinforcement schedule.
• B) if you always reinforce each particular response.
• C) on an intermittent reinforcement schedule.
• D) if no obvious reinforcer is present.

Apply CVP analysis in various business decision scenarios, including multi-product companies.

Define and calculate the break-even point in different contexts.

Describe and assess the use of the high-low method in cost analysis.

Explain the impact of sales volume changes on net income relative to the break-even point.

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Definitions:

Short-Run Losses

Financial deficits that a firm experiences in the period where at least one factor of production is fixed, leading to an inability to cover total costs.

Operate

The act of functioning or running a business or machine, carrying out actions necessary for performance.

Average Variable Cost

the total variable cost divided by the quantity of output produced; it shows the variable cost per unit of output.

Short Run

The short run is a period in which at least one factor of production is fixed, limiting the ability of a business to expand or reduce its output.