Which of the Following Short-Run Cost Curves Generally Declines,then Rises

question 50

Multiple Choice

Which of the following short-run cost curves generally declines,then rises as output is increased?

• A) average fixed cost and average variable cost
• B) average variable cost and average total cost
• C) average total cost and average fixed cost
• D) average fixed cost only
• E) average variable cost only

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Definitions:

Spontaneous Recovery

Refers to the reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

Latent Learning

The process of learning that occurs without any obvious reinforcement of the behavior or associations that are learned.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally triggers a response without any need for prior learning.

Conditioned Stimulus

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