A Firm Has a Fixed Cost of $500 in Its

question 551

Multiple Choice

A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are $4,500. The marginal cost of producing the 101st unit of output is $300. What is the total cost of producing 101 units?

• A)$46.53
• B)$800
• C)$4,800
• D)$5,300

Identify examples of how operant conditioning principles are applied in real-life scenarios.

Analyze the role of immediate and delayed reinforcers in influencing behavior.

Understand the concepts of positive punishment and negative punishment and their implications for behavior modification.

Differentiate between operant conditioning and other learning theories.

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Definitions:

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the net profit by the cost of the investment.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from the central bank or the rate used in discounted cash flow analysis to determine the present value of future cash flows.