Examlex

Solved

You Are Using a Computer Program to Help Study for Your

question 4

Multiple Choice

You are using a computer program to help study for your behavior modification exam.The program has flash cards with a term and its definition.When the term is shown,you click the button to see the definition.This allows you to say the correct definition of the term.Each time you click the button to see the definition,the program shows you less and less of the definition.Eventually you have to define the term without seeing any of the definition.This is an example of:


Definitions:

Marginal Cost

The heightened cost from fabricating an extra unit of a good or service.

Marginal Revenue

The increase in revenue that results from the sale of one additional unit of a product or service.

Industry Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in an industry.

Marginal Revenue

The extra revenue received from selling an additional unit of a product or service.

Related Questions