(Table: Output and Marginal Cost) Look at the Table Output

question 66

Multiple Choice

(Table: Output and Marginal Cost) Look at the table Output and Marginal Cost.After graduation you achieve your dream of opening your own art shop that specializes in selling mud statues.After careful study, you determine the information in the table.How many workers should you hire to minimize your average variable costs?

• A)two
• B)three
• C)four
• D)five

---

Definitions:

Fixed-Ratio

A schedule of reinforcement where a response is rewarded after a set number of responses.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses.

Fixed-Interval

In operant conditioning, a fixed-interval schedule is a reinforcement pattern where a response is rewarded only after a specified amount of time has elapsed, leading to a response pattern where actions are more frequent as the time for reward approaches.

Punishment

An event that decreases the behavior it follows.