At the XYZ Co

question 129

Multiple Choice

At the XYZ Co. ,a unit of capital costs three times as much as a unit of labor.If MPK = 10,MPL = 5,then this firm

• A)is minimizing its cost at current output level.
• B)should use more capital and less labor to raise output at current cost.
• C)should use less capital and more labor to raise output at current cost.
• D)None of above.

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Definitions:

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Punishment

The imposition of a penalty as a result of an offense, with the intention of decreasing a specific behavior or action through negative consequences.

Skinner Box

An experimental apparatus designed by B.F. Skinner for studying behavioral conditioning in animals, typically involving a lever and a food dispenser.

Superstitious Behaviors

Actions that are performed based on the irrational belief that they will influence future events, despite the lack of a logical connection.