To Produce a Firm's Current Output Level,total Cost Is $600,and

question 76

Multiple Choice

To produce a firm's current output level,total cost is $600,and the total variable cost is $450.Therefore,the firm has

• A)a marginal cost of $150
• B)sunk costs of $150
• C)a marginal cost of $1,450
• D)total fixed cost of $1,450
• E)total fixed cost of $150

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Definitions:

Successive Approximations

A process in behaviorism used for training where behaviors are broken down into simple steps and reinforced until the desired behavior is achieved.

Toilet Training

The process of teaching a young child to use the toilet for urination and defecation.

Rewards

Benefits or positive stimuli that are given in response to desired behaviors, often used in reinforcement learning.

Innately Satisfying Stimuli

Stimuli that inherently provide pleasure or satisfaction without the need for learning or prior experience.