-Refer to Table 8

question 33

Multiple Choice

-Refer to Table 8.1.Assume the wage rate is $10 and the firm has $1,000 in unavoidable fixed cost.What is the average cost of producing 65 units of output?

• A) $40
• B) $15.38
• C) $0.50
• D) $16

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Definitions:

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus following a behavior increases the likelihood of that behavior being repeated.

Positive Reinforcement

An increase in the future frequency of a behavior due to the addition of a stimulus immediately following a response.

Negative Reinforcement

A behavioral principle where the removal of an unpleasant stimulus strengthens a behavior, increasing its occurrence.

Negative Punishment

A behavioral control method where the removal of a desirable stimulus decreases the likelihood of a behavior recurring.