A Cost That Changes with the Level of Output Is

question 33

Multiple Choice

A cost that changes with the level of output is called a(n) _____ cost.

• A) liquidity
• B) variable
• C) fixed
• D) asset
• E) elastic

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Definitions:

Discrimination

Unfair or prejudicial treatment of people based on categories such as race, age, sex, or disability instead of individual merit.

Mental Image

The representation in a person's mind of the physical world outside that individual.

Counterconditioning

A therapeutic technique aiming to change the response to a certain stimulus by associating it with a new, more desirable behavior or response.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, developed by B.F. Skinner.