In Marginal Benefit and Marginal Cost Functions for Activity a Are

question 26

Short Answer

In marginal benefit and marginal cost functions for activity A are
MB = 100 -0.04A
MC = 28 + 0.02A
a. The optimal level of A is _________ units at which MB = _________ and MC = ____________.
b. The 800^th unit of A increases total benefit by $_________ and total cost by $_________ thereby _____________________ net benefit by $__________.
c. The 1,400^th unit of A increases total benefit by $______ and total cost by $______ thereby _____________________ net benefit by $__________.

Differentiate between major psychological theories and schools of thought.

Identify various types of psychologists and their areas of interest.

Comprehend the factors influencing the development and treatment of depression.

Recognize the role of genetics and environmental factors in the development of psychological disorders.

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Definitions:

Stereotypes

Oversimplified generalized ideas about a group of people that often do not reflect reality and can result in unfair assumptions.

Assumptions

Things that are accepted as true or as certain to happen, without proof.

Self-Esteem

The subjective evaluation or appraisal of one's own worth, capabilities, and overall value.

Prejudices

Preconceived opinions that are not based on reason or actual experience.