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An investigator presents a conditioned stimulus followed by an unconditioned stimulus until an animal is classically conditioned. Then she exposes the animal to an extinction procedure. If she waits a while and then tests the animal again, she is likely to see
Prime Cost
The combined direct costs of raw material and labor that are directly associated with the production of a product.
Discretionary Fixed Costs
Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research.
Committed Fixed Costs
Expenses that a company has to pay regardless of its level of production or sales, such as leases and long-term contracts, which cannot be easily changed in the short term.
Unit Fixed Cost
The fixed cost associated with producing one unit of a product, which does not vary with the level of production output.
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