An Average Variable Cost Function Is Estimated As $A V C = 96 - 2 Q + 0.05 Q ^ { 2 }$

question 26

Multiple Choice

An average variable cost function is estimated as $A V C = 96 - 2 Q + 0.05 Q ^ { 2 }$ Which of the following cost functions is associated with this estimate?

• A) SMC = 96 - 4Q + 0.1Q²
• B) TVC = 96Q - 2Q² + 0.05Q³
• C) TVC = 96Q + 4Q² + 0.15Q³
• D) SMC = 96 - 4Q + 0.15Q²
• E) both b and d

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Definitions:

Extinction Procedure

A behavioral technique in which reinforcement of a previously reinforced behavior is discontinued, leading to a decrease in the frequency of the behavior.

Operant Conditioning

A process of acquiring knowledge in which the force of an activity is changed by either positive reinforcement or penalties.

Token Economy

A behavioral therapy method that involves rewarding desired behaviors with tokens that can be exchanged for various privileges or treats.

Operant-conditioning

A learning process through which the strength of a behavior is modified by reward or punishment.