Production Units Have an Optimal Rate of Output Where

question 126

Multiple Choice

Production units have an optimal rate of output where:

• A)total costs are minimum.
• B)average unit costs are minimum.
• C)marginal costs are minimum.
• D)rate of output is maximum.
• E)total revenue is maximum.

---

Definitions:

Operantly Conditioned

A type of learning in which the strength of a behavior is modified by the behavior's consequences, such as reward or punishment.

Positive Reinforcement

A process in psychology that involves the addition of a stimulus after a behavior that makes the behavior more likely to occur again.

Associating Response

The process in which a connection is made between a stimulus and a reaction, often used in behavioral psychology to describe learned behaviors.

Active Behaviors

Actions taken deliberately by individuals that are intended to achieve specific outcomes or goals.