If There Are No Fixed Costs and Variable Costs Are

question 79

Multiple Choice

If there are no fixed costs and variable costs are constant at $1.00 per unit over the relevant range of output,what is marginal cost when 1 unit of output is produced?

• A)$0
• B)$0.50
• C)$1
• D)$2

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Definitions:

Classical Conditioning

The process of learning through the repeated association of two stimuli; over time, a response originally elicited by the second one becomes elicited by the first one alone.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Learning Theories

Frameworks that describe how information is absorbed, processed, and retained during the learning process.