What Is Total Variable Cost

question 114

Multiple Choice

What is total variable cost?

• A)Those costs that do not vary with the level of output.
• B)The total of all costs that vary with the level of output.
• C)The sum of both total fixed cost and marginal cost.
• D)The increase in total variable cost as a result of producing one more unit of output.

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Definitions:

Associative Learning

The process of learning in which a connection between two stimuli or between a stimulus and a response is learned.

Continuous Reinforcement

A learning process in which a behavior is reinforced every time it occurs, leading to faster acquisition of the behavior.

Respondent Behavior

A type of reaction to stimuli that is automatic or reflexive, such as salivating when smelling food.

Adaptive Learning

A teaching method that uses technology and algorithms to customize learning materials and activities to the needs of individual learners.