Examlex
Explain how a therapist might make use of habituation to treat a patient who has a fear of spiders.
Variable Costs
Expenses that change in proportion to the activity of a business such as costs for raw materials or production labor.
Snow-clearing
The process of removing snow and ice from outdoor surfaces, primarily roads and pavements, to ensure safe passage for vehicles and pedestrians.
Perfectly Competitive
A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to entry or exit, and perfect information among buyers and sellers.
Marginal Cost
It refers to the cost change associated with producing an extra unit of a good or service, important in economic decision-making.
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