If the Explicit Costs to a Firm to Produce a Unit

question 383

Multiple Choice

If the explicit costs to a firm to produce a unit of output are $6 and the firm sells 200,000 units of output for $9 per unit, the accounting profit received by the producer is

• A) $1.2 million.
• B) $850,000.
• C) $1.8 million.
• D) $600,000.

Recognize the original processes for electing the president and the intended checks and balances on presidential power.

Comprehend the relationship between the national government and the states as established by the Constitution and Federalism.

Understand the core arguments and concerns of both the Federalists and Anti-Federalists during the Constitutional debates.

Recognize key contributors to the Constitutional Convention and their contributions, such as the final writing of the Constitution and The Federalist s.

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Definitions:

Skinner Box

An experimental apparatus created by B.F. Skinner to study animal behavior, particularly the consequences of actions on behavior.

Successive Approximations

A behavior modification technique involving the reinforcement of behaviors that are progressively closer to the desired behavior.

Reinforcing

The process of strengthening a behavior by providing a consequence that the individual finds rewarding.

Punishing

The act of imposing a penalty or negative consequence for an undesirable action or behavior, with the intent of reducing or eliminating that behavior.