Which of the Following Are Examples of Explicit Costs a Firm

question 176

Multiple Choice

Which of the following are examples of explicit costs a firm might incur?

• A)rent paid to the landlord
• B)taxes owed to the IRS
• C)wages earned by delivery drivers
• D)All of the above are examples of explicit costs.

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Definitions:

Operant Behavior

Behavior that is controlled or modified by its consequences, including rewards and punishments.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of no exposure to the conditioned stimulus.

Extinction

In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Conditioned Stimulus

A previously neutral stimulus that, after being associated with an unconditioned stimulus, triggers a conditioned response.