In the Graph Below,the Price of Capital Is $500 Per

question 48

Multiple Choice

In the graph below,the price of capital is $500 per unit.Which of the following combinations of capital and labor lies on the expansion path?

• A)500L,100K
• B)800L,160K
• C)1100L,220K
• D)both a and b
• E)none of the above

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Definitions:

Sensitization

An increase in the strength of a response with repeated presentations of a stimulus.

Habituation

The method through which a living being reduces or stops its reactions to a constant stimulus over a period.

Behavioral Contrast

The change in the intensity or rate of a specific behavior when the reward conditions for another behavior are modified, demonstrating how reinforcement can influence behavioral patterns divergently.

Habituation

The process by which there is a decrease in response to a stimulus after repeated exposures, indicating a form of learning or adaptation.