If the Wage Rate Is Constant

question 19

Multiple Choice

If the wage rate is constant:

• A)the marginal cost rises as the marginal product of a variable input rises.
• B)the marginal cost is constant as the marginal product of a variable input rises.
• C)the marginal cost follows the shape of the marginal product curve.
• D)the minimum of marginal cost curve corresponds to the maximum of the marginal product curve.

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Definitions:

Acquisition of Extinction

The process in conditioning when the conditioned response is reduced and eventually disappears as the conditioned stimulus is no longer paired with the unconditioned stimulus.

SOP

Standard Operating Procedure; a set of step-by-step instructions compiled by an organization to help workers carry out complex routine operations.

Mackintosh's Attentional Theory

A theory proposing that the allocation of attention during learning is influenced by the predictability of stimuli, affecting conditioning strength.

Conditioned Response Strength

The intensity or magnitude of a response that has been learned under conditional circumstances.