If You Cannot Spend as Much Time as You Would

question 134

Multiple Choice

If you cannot spend as much time as you would like engaged in a particular activity, that activity will function as a reinforcer. This statement describes the:

• A) disequilibrium principle.
• B) Premack principle.
• C) principle of serial contiguity.
• D) law of effect.

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Definitions:

Average Total Cost

The total cost of production divided by the quantity produced, representing the per-unit cost of production, including both fixed and variable costs.

Diminishing Marginal Returns

A principle stating that as more of a variable input is added to a fixed input, beyond some point, the additional output produced from the additional input will eventually start to decrease.

Marginal Cost Curve

A graphical representation showing how the cost of producing one additional unit of a good changes as production volume changes.

Average Variable Cost

The total variable costs of production divided by the number of units produced, measuring the cost per unit that varies with output level.