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A firm has a production function of Q = KL + L, where MPL = K + 1 and MPK = L. The
Wage rate (W) is $100 per worker and the rental (R) is $100 per unit of capital. In the short run, capital (K) is fixed at 4 and the firm produces 100 units of output. The firm's long run total cost of producing 100 units of output is $____.
Social Anxiety Disorder
A mental health condition characterized by an intense, persistent fear of being watched and judged by others in social situations.
Animal Type Phobia
A type of specific phobia involving an intense, irrational fear of certain animals.
Observational Learning
A learning process through which behaviors are acquired by watching and imitating others.
Classical Conditioning
Form of learning in which a neutral stimulus becomes associated with a stimulus that naturally elicits a response, thereby making the neutral stimulus itself sufficient to elicit the same response.
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