The Crossover Point Is That Production Quantity Where

question 76

Multiple Choice

The crossover point is that production quantity where:

• A) variable costs of one process equal the variable costs of another process.
• B) fixed costs of a process are equal to its variable costs.
• C) total costs equal total revenues for a process.
• D) total costs for one process equal total costs for another process.
• E) the process no longer loses money.

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Definitions:

Primary Reinforcers

Stimuli that satisfy basic survival needs and are innately reinforcing, such as food, water, and warmth.

Distinction

A discrepancy or divergence among alike objects or individuals.

Thorndike's Law

The principle that behaviors followed by favorable consequences become more likely, and behaviors followed by unfavorable consequences become less likely, known as the law of effect.

Effect

Refers to the outcome or impact that results from a particular cause or action.