In the Short Run,costs That Arise from Resources That Cannot

question 47

Multiple Choice

In the short run,costs that arise from resources that cannot vary in quantity are known as ____________,whereas costs from inputs that can vary in quantity are known as ____________.

• A)fixed costs;variable costs
• B)explicit costs;implicit costs
• C)opportunity costs;variable costs
• D)fixed costs;opportunity costs
• E)variable costs;fixed costs

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Definitions:

Bottom-Up Processing

A cognitive process in which perception starts with an input from the environment, leading to the integration of the features of the stimulus into a cohesive whole.

Motivational States

Internal conditions that activate behavior towards a goal or push for satisfaction of a need.

Appetitive Stimulus

A pleasant or desirable stimulus that an organism is drawn towards or seeks out, often used in the context of behavior reinforcement.

Cultural Background

The cultural settings and conditions a person is raised in, including traditions, language, beliefs, and values.