Quantum Company Uses the High-Low Method to Estimate the Cost

question 50

Multiple Choice

Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below:

What is the estimated cost function for the above data?

• A) y = 26,000 + 62.00X
• B) y = 6,000 + 50.00X
• C) y = 36,000 + 60.00X
• D) y = 30,000 + 65.00X

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Definitions:

Placebo

A substance with no therapeutic effect, used as a control in testing new drugs, or used to provoke a psychological benefit to the patient.

Secondary Reinforcers

Secondary reinforcers are stimuli that become reinforcing through their association with primary reinforcers, such as praise, money, or grades, which are not inherently rewarding but are valued through learned associations.

Conditioned Reinforcers

Stimuli or rewards that have become reinforcing through their association with a primary reinforcer.

Punishers

Stimuli that decrease the likelihood of a behavior being repeated, often used in behavioral psychology.