Paul Wants to Increase the Amount of Time He Studies,but

question 19

Multiple Choice

Paul wants to increase the amount of time he studies,but is having trouble because he usually ends up playing his favorite video game instead.Paul has his roommate hide the game so that,if he wants to play the game instead of studying,he will first have to spend a lot of time looking for it.This is an example of ____________ for competing behaviors.​

• A) ​eliminating establishing operations
• B) ​arranging establishing operations
• C) ​decreasing response cost
• D) ​increasing response cost

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Definitions:

MC (Marginal Cost)

The rise in overall expenses associated with the production of an extra unit of a product or service.

Break-Even Point

The level of production or sales at which total revenues equal total costs, resulting in no profit or loss.

Shutdown Point

The shutdown point is the level of output and price at which a business covers its variable costs; operating below this point would lead the firm to losses greater than its fixed costs.

AVC (Average Variable Cost)

The cost of labor, materials, and other variable inputs divided by the quantity of output produced.