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Nicolaus and Nellis used classical conditioning to develop a taste aversion in mongooses.They allowed the animals to eat eggs that had been laced with carboachol, which caused the animals to become ill.Later, the mongooses showed an aversion to eggs.In this example of classical conditioning, the carboachol in the eggs was:
Marginal Revenue Product
Marginal revenue product measures the additional revenue generated by employing one more unit of input, commonly used to analyze labor and capital contributions.
Derived Demand
Refers to the demand for a good or service that arises from the demand for another related good or service.
Derived Demand
The need for a product or service resulting from the need for another product or service, like how the demand for cars drives the need for steel.
Final Demand
The demand for finished goods and services by consumers, businesses, and the government, excluding intermediate goods used in production.
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