When Average Cost Is "U-Shaped" (Neither Always Rising nor Always

question 84

True/False

When average cost is "u-shaped" (neither always rising nor always falling), the marginal cost curve will cross through (intersect)the average cost curve at its minimum.

---

Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unfavorable event following a response increases the likelihood of that response being repeated in the future.

Positive Reinforcement

A technique in behavior modification that involves the addition of a rewarding stimulus following a desirable behavior, aiming to increase the likelihood of the behavior's occurrence.

Punishment

The imposition of a penalty as retribution for an offense, or the action of disciplining someone to correct or deter undesirable behavior.

Temporary Effect

A short-term result or consequence that fades over time without long-lasting implications.