Examlex

Solved

After a Response Has Been Extinguished, It Will Often Reappear

question 346

Essay

After a response has been extinguished, it will often reappear after a short time has passed. This is referred to as a(n)__________.


Definitions:

Opportunity Costs

The missed opportunity to benefit from different options when a single choice is made.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Diseconomies of Scale

The phenomenon where an increase in production leads to higher costs per unit due to inefficiencies that arise from scaling up operations.

Increasing Returns

An increase in a firm’s output by a larger percentage than the percentage increase in its inputs.

Related Questions