At Bert's Bootery, the Total Cost of Producing Twenty Pairs

question 523

Multiple Choice

At Bert's Bootery, the total cost of producing twenty pairs of boots is $400. The marginal cost of producing the twenty-first pair of boots is $83. We can conclude that the

• A)average variable cost of 21 pairs of boots is $23.
• B)average total cost of 21 pairs of boots is $23.
• C)average total cost of 21 pairs of boots is $15.09.
• D)marginal cost of the 20th pair of boots is $20.

---

Definitions:

Contingent Monetary Reinforcement

A form of incentive or reward where money is given based on the performance or behavior of an individual, often used in behavior modification strategies.

Ultimate Goal

The final or most significant aim or objective that an individual or group strives to achieve.

Shaping

An operant conditioning technique that consists of gradually molding a desired behavior (response) by reinforcing any movement in the direction of the desired response, thereby gradually guiding the responses toward the ultimate goal.

Chronic Schizophrenia

A long-lasting, severe, and disabling brain disorder characterized by symptoms such as delusions, hallucinations, and disordered thinking that significantly impair daily functioning.