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Family Furniture sells a table for $900. Its fixed costs are $30,000, while its variable costs are $600 per table. It currently plans to sell 175 tables this month.
What is the budgeted revenue for the month assuming that Family Furniture sells 175 tables?
Conditioning Contrast
A phenomenon in classical and operant conditioning where the strength of a conditioned response changes when the reinforcement or punishment is changed in amount or type.
Primary Reinforcement
A stimulus that satisfies a basic biological need, such as food or water, which naturally and inherently reinforces a behavior.
Secondary Reinforcement
An event that has developed its reinforcing properties through its association with primary reinforcements.
Tertiary Reinforcement
A type of reinforcement that is not inherently rewarding but is associated with primary or secondary reinforcers, such as money for humans.
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