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What Is a Private Cost of Production? What Is a Social

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What is a private cost of production? What is a social cost of production? When is the private cost of production equal to the social cost of production?


Definitions:

Experimental Chamber

A controlled environment designed to study the behavior or physiological responses of subjects under varied conditions.

Salivation

The secretion of saliva in the mouth, which can be a response to the sight, smell, thought, or taste of food.

Disinhibition

When the conditioned stimulus elicits a conditioned response (CR) after a novel stimulus is presented during extinction

Novel Stimulus

A new or unfamiliar stimulus that has not been previously experienced by an organism.

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