Examlex
The level of deprivation is less important when the reinforcer used is a/an reinforcer.
ATC Curves
Short for Average Total Cost curves, these are graphical representations showing how the average cost of production per unit changes with the level of output.
Industry Expands
Refers to the growth in size or scope of a particular sector of the economy, characterized by increased output, employment, or number of businesses.
Efficiently Allocated
A situation wherein resources are distributed in such a way that maximizes the net benefits gained from their use, leaving no opportunity to make someone better off without making others worse off.
Marginal Cost
The cost incurred from producing one more unit of a good, reflecting changes in production expense with output variation.
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