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If You Ring the Bell Many Times and Do Not

question 51

Multiple Choice

If you ring the bell many times and do not follow it with lemon juice, Johnny's expectancy that the bell will precede the lemon juice will weaken.As it does, he will lose his tendency to salivate when he hears the bell because which of the following has occurred?


Definitions:

Variable Costs

Costs that change in proportion to the level of goods or services a company produces.

Sunk Costs

Costs that have already been incurred and cannot be recovered, and thus should not affect future economic decisions.

Average Fixed Cost

Is the fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.

Marginal Cost

The cost associated with producing one additional unit of a product, which can vary depending on the level of production.

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