Suppose a Firm Is Using 1500 Units of Labour and 20

question 115

Multiple Choice

Suppose a firm is using 1500 units of labour and 20 units of capital to produce 100 tonnes of mineral ore.The price of labour is $40 per unit and the price of capital is $1000 per unit.The MP_L equals 25 and the MP_K equals 750.In this situation,

• A)the firm is minimizing its costs.
• B)the firm should increase the use of both inputs.
• C)the firm could lower its production costs by decreasing labour input and increasing capital input.
• D)the firm could lower its production costs by increasing labour input and decreasing capital input.
• E)the firm should decrease the use of both inputs.

Recognizing the criteria for considering files as inactive.

Assessing the suitability of storage sites for potential flooding risks.

Knowledge of supplemental, vertical, and numeric filing systems for organizing information.

Understanding the importance of secure, accessible, and orderly filing equipment and systems.

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Definitions:

Partial Reinforcement

A conditioning schedule in which a response is sometimes reinforced, leading to more resistant behavior to extinction than continuous reinforcement.

Continuous Reinforcement

A reinforcement schedule in which a reward follows every correct response, often used to establish or strengthen new behaviors.

Operant Conditioning

A training mechanism that adjusts the vigor of an activity by the addition of incentives or the imposition of penalties.

Immediate Reinforcement

The immediate reward or punishment following a behavior, which influences the likelihood of that behavior being repeated.