Which of the Following Statements Is CORRECT

question 424

Multiple Choice

Which of the following statements is CORRECT?

• A) As output increases, total cost and total fixed cost increase by the same amount.
• B) As output increases, total cost and total fixed cost increase but not necessarily by the same amount.
• C) As output increases, total cost increases and total fixed cost decreases.
• D) Total fixed cost plus total variable cost equals total cost.

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Definitions:

Misuses

The incorrect, improper, or unethical use of something.

Rewards

Positive reinforcements or incentives given to encourage a particular behavior or achievement.

Behavior

The actions or reactions of an organism, often in response to external stimuli, observable through various means.

Pavlovian Approach

A learning process that involves creating an association between a naturally occurring stimulus and a previously neutral stimulus.