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Immediate reinforcers are less effective than delayed reinforcers.
Marginal Costs
The investment required to manufacture an incremental unit of a product or service.
Variable Costs
Costs that change in proportion to the level of activity or production volume.
Fixed Costs
Costs that do not change with the level of output produced by the firm, such as rent, salaries, or loan repayments.
Positive Reinforcement
A method in behavior psychology where a positive stimulus is presented after a desired behavior, increasing the likelihood of that behavior in the future.
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