Fixed Cost Is

question 410

Multiple Choice

Fixed cost is

• A)the cost of producing one more unit of capital, for example, machinery.
• B)any cost that does not change when the firm changes its output.
• C)average cost multiplied by the firm's output.
• D)usually zero in the short run.

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Definitions:

Social Learning Theory

A theory in psychology that states behavior is learned from the environment through the process of observational learning.

Operant Conditioning

A learning process where the likelihood of a behavior's occurrence is increased or decreased through reinforcement or punishment.

Stimuli

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Negative and unhelpful beliefs that are often automatic and can influence one's behavior and emotional state.