The Effort to Produce Most Cheaply Involves Finding the ________________

question 3

Multiple Choice

The effort to produce most cheaply involves finding the ________________ way to combine inputs in order to attain any given level of output.

• A) least-cost
• B) highest-cost
• C) higest-revenue

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Definitions:

Seligman

Martin E.P. Seligman, a psychologist known for his work on positive psychology, learned helplessness, and theories on happiness and well-being.

Symptoms

Physical or mental features that are regarded as indicating a condition or disease.

Token Economy

A behavior modification method that uses tokens as rewards for desired behaviors, which can be exchanged for privileges or goods.

Reinforcers

Stimuli that increase the likelihood of a behavior being repeated.