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In the past three psychology labs, Liliya has been attempting to classically condition a lab rat. Her strategy has been to present the US and CS simultaneously. Which of the following should she do to strengthen the conditioned response of the rat?
Implicit Cost
Represents the opportunity costs of using resources owned by the firm for its own production processes, without direct payment.
Interest Income
The income earned from lending funds or investing in interest-bearing financial instruments, such as saving accounts, bonds, or loans.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding costs related to production.
Law of Diminishing Returns
An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain at a constant.
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