Contingency Contracts Should Specify

question 21

Multiple Choice

Contingency contracts should specify

• A) How friends should behave
• B) How family members will react
• C) How a new behavior will be reinforced
• D) The leader's role in developing the contract

---

Definitions:

Increasing Cost Industry

An industry where production costs increase as output expands, typically due to factors like resource depletion or increased expenses for inputs.

Long Run

The long run is a period in economic theory during which all factors of production and costs are variable, allowing firms to adjust all inputs to attain desired output levels.

Per-unit Costs

The cost incurred for producing a single unit of product, often calculated to analyze efficiency or profitability.

Increasing Cost Industry

An industry where production costs rise as output increases due to factors such as limited resources or higher wages.