The Amount of Time During Which at Least One Input

question 205

Multiple Choice

The amount of time during which at least one input cannot be adjust is the

• A)length of the long-run period.
• B)length of the short-run period.
• C)time period when all costs are fixed.
• D)end of the firm's operations.

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Definitions:

Reinforcement

The act of strengthening a response by adding a reward, thus increasing the likelihood that the response will be repeated.

Operant Behaviors

Actions that an individual takes that are modified by the consequences they lead to, extensively studied in operant conditioning.

Respondent Behaviors

Automatic responses elicited by specific stimuli, based on the principle of classical conditioning in psychology.

Variable-ratio Schedule

A reinforcement schedule in operant conditioning where a response is rewarded after an unpredictable number of responses.