Identify a True Statement About Contrast Assumption

question 2

Multiple Choice

Identify a true statement about contrast assumption.

• A)It refers to the assumption that novel terms must refer to something that you already know.
• B)It refers to the assumption that novel terms do not refer to objects that already have labels.
• C)It refers to the assumption that words refer to whole objects, and not characteristics of objects.
• D)It refers to the assumption that similar objects must belong to the same category.

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Definitions:

Marginal Costs

The increase in cost resulting from the manufacture of one additional unit of a good or service.

Decreasing Costs

Situations in which costs diminish as the level of production or scale of operations increases.

Efficiency

The extent to which time, effort, or cost is well-used for the intended task or purpose.

Total Cost Function

An equation that represents the total cost incurred by a firm in the production of goods or services, as a function of output level.