Suppose the Short-Run Production Function Is Q = 10 ∗

question 1

Multiple Choice

Suppose the short-run production function is q = 10 ∗ L.If the wage rate is $10 per unit of labor,then AFC equals

• A) 0.
• B) 1.
• C) 10/q.
• D) It cannot be determined from the information provided.

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Definitions:

Reinforcer

Anything that strengthens or increases the likelihood of a specific response or behavior by providing a consequence an individual finds rewarding.

Desired Behavior

Specific actions or reactions that are sought after in a particular context, often related to achieving certain goals or standards.

Primary Reinforcer

A stimulus that satisfies a basic biological need and is inherently reinforcing, without the need for learning or association.

Self Competency

The understanding and development of one's own skills, abilities, and confidence to effectively manage various situations or tasks.