Which of the Following Is Not a Property of a Firm's

question 514

Multiple Choice

Which of the following is not a property of a firm's cost curves?

• A)Marginal cost must eventually rise as a result of diminishing marginal product.
• B)Average total cost is U-shaped.
• C)Economies of scale will exist when average total cost falls as output rises.
• D)Average total cost will cross marginal cost at the minimum of marginal cost.

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Definitions:

Conditioned Stimulus

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

Emotive Conditioned Response

A learned emotional reaction to a previously neutral stimulus that has become associated with another stimulus that elicits an emotional response.

Backwards Conditioning

A conditioning process where the conditioned stimulus is presented after the unconditioned stimulus, typically less effective than other conditioning methods.

Tone Light Shock

Represents a common experimental setup in classical conditioning studies where a tone and a light serve as conditioned stimuli, and a shock acts as an unconditioned stimulus.