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What is meant by automaticity in normative behavior? Describe the experiment in which experimenters primed people with a photo of a library: What norm was primed,and what dependent variable was used to measure the effect of the prime? What about when a fancy restaurant was used? What was the norm that was primed,and what was the DV used to measure its effect.What is the take- home message of this research?
Marginal Cost
The additional cost incurred by producing one more unit of a product or service, used in determining optimal production levels.
Short-Run Capacity
Refers to the maximum output a firm can produce under a given set of fixed and variable inputs within a short period.
Average Variable Cost
Average variable cost is the total variable cost divided by the quantity of output, showing the cost of producing one more unit of a good.
Marginal Product
The additional output produced by using one more unit of a given input, holding all other inputs constant.
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