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Discuss the Relation Between Average Variable Cost (AVC) and Marginal

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Essay

Discuss the relation between average variable cost (AVC) and marginal cost (MC) curves.


Definitions:

Intermittent Reinforcement

A conditioning schedule where a response is reinforced only some of the time, leading to more resistant behaviour to extinction.

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer presented.

Continuous Reinforcement

A learning schedule in which a behavior is reinforced each time it is exhibited.

Fixed Ratio

A schedule of reinforcement where a response is rewarded after a specified number of responses, frequently used in behavior modification programs.

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