Examlex
Luke would always get a reaction from his manager when he disrupted meetings with meaningless questions.In an effort to stop this undesirable behaviour Luke's manager stopped recognizing Luke when he raised his hand in meetings.Which reinforcement technique was Luke's manager practicing?
Variable Cost
Costs that vary in total with changes in the level of production or other business activities.
Market Price
The existing cost for purchasing or selling an asset or service on the open market.
Purely Competitive Market
A market structure characterized by many buyers and sellers, all of whom sell identical products, which results in the agents having no control over prices.
Economic Profit
The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.
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