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The Following Data Show the Total Output for a Firm

question 13

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The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.  Labour per unit of time  Total output 00125275317542505305\begin{array} { | c | c | } \hline \text { Labour per unit of time } & \text { Total output } \\\hline 0 & 0 \\\hline 1 & 25 \\\hline 2 & 75 \\\hline 3 & 175 \\\hline 4 & 250 \\\hline 5 & 305 \\\hline\end{array} TABLE 7- 4
-Refer to Table 7- 4.The total fixed cost of producing 305 units of output is

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Definitions:

Extinguishable Behavior

A learned response that decreases in frequency or disappears when it is no longer reinforced in a behavioral psychology context.

Fixed-Interval

A schedule in operant conditioning where rewards (reinforcements) are given at fixed times, provided the correct response is made.

Continuous

Without pause or interruption; unending over time or space.

Fixed-Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, used in behaviorist theories.

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