The Cost of Producing an Additional Unit of a Good

question 232

Multiple Choice

The cost of producing an additional unit of a good or service that falls on people other than the producer is

• A) the marginal cost.
• B) represented by the demand curve.
• C) represented by the supply curve.
• D) the marginal external cost.
• E) the marginal social cost.

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Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, elicits a conditioned response.

Classically Conditioned

Pertains to a learning process in psychology where an association is made between a naturally occurring stimulus and a previously neutral stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually comes to trigger a conditioned response.

Behavioral Approach

A psychological perspective focusing on observable behaviors and the ways in which they can be learned, changed, or extinguished.