The Amount a Factor Adds to a Firm's Total Cost

question 71

Multiple Choice

The amount a factor adds to a firm's total cost per period is called:

• A) marginal factor cost.
• B) marginal cost.
• C) MFR.
• D) marginal fixed cost.

---

Definitions:

Operant Conditioning

A learning process by which the strength of a behavior is modified by reinforcement or punishment.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without any need for prior learning or conditioning.

Conditioned Response

is a learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.

Pavlov

A Russian physiologist best known for his work in classical conditioning, particularly the concept of the conditioned reflex using dogs.