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You enjoy getting e-mail messages, so you occasionally check your e-mail to find out if you have any new messages. Which schedule of reinforcement is present in this case?
Diseconomies of Scale
A situation where, as a firm's production scales up, the costs per unit increase, contrary to economies of scale.
Long-run Total Costs
The total costs incurred by a firm when all factors of production are variable, and the firm can change its scale of operation.
Opportunity Cost
The expense incurred by not choosing the second-best option available during the decision-making process.
Bank Loan
A sum of money borrowed from a bank that must be repaid with interest over a set period.
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