Total Cost Divided by Output, TC/q, Equals AC

question 27

True/False

Total cost divided by output, TC/q, equals AC.

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Definitions:

Learned Behaviour

Actions or reactions developed as a result of experiences or training, rather than being innate.

Extinction

In behavioral psychology, the gradual weakening and disappearance of a conditioned response when it is no longer reinforced.

Reinforcement

The process by which stimuli strengthen behaviours.

Positive Reinforcer

An environmental stimulus that, when presented after a behavior, increases the probability of that behavior occurring again in the future.