The Minimum Points of the Average Variable Cost and Average

question 167

Multiple Choice

The minimum points of the average variable cost and average total cost curves occur where the

• A)marginal cost curve lies below the average variable cost and average total cost curves.
• B)marginal cost curve intersects those curves.
• C)average variable cost and average total cost curves intersect.
• D)slope of total cost is the smallest.

---

Definitions:

Stimulus Discrimination

The ability to distinguish between different stimuli or cues, especially in the context of learning and behavior.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Negative Reinforcement

A behavioral principle where the removal of an unfavorable condition strengthens a desired behavior.

Conditioned Stimulus

Conditioned stimulus is a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.