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While James is incarcerated, the prison is trying to modify his behaviour. He is awarded more leisure time and extra money when he exhibits prosocial behaviour. Which approach to corrections does this exemplify?
Marginal Costs
The additional cost incurred by producing one more unit of a good or service.
Fixed Costs
Costs that do not change with the level of output or sales, such as rent, salaries, and insurance, remaining constant regardless of business activity levels.
Marginal Product
The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.
Average Total Cost
The total cost of production divided by the quantity of output produced. It includes both fixed and variable costs.
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