Changing the Product Mix Emphasis in the Short Run Will

question 20

Multiple Choice

Changing the product mix emphasis in the short run will usually not affect:

• A)total variable costs.
• B)total fixed costs.
• C)both total variable and total fixed costs.
• D)total contribution margin.

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Definitions:

Extinguished

In behavioral psychology, it refers to the gradual weakening and disappearance of a conditioned response.

Deconditioned

A loss of physical fitness or undoing of the effects of conditioning, often as a result of inactivity or training cessation.

Social Learning

A theory that proposes people can learn new behaviors and attitudes through observation of others' actions and outcomes.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.