Explain How to Perform Cost-Volume-Profit (CVP)analysis

question 30

Essay

Explain how to perform cost-volume-profit (CVP)analysis.

---

Definitions:

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in operant conditioning.

Variable Ratio

A reinforcement schedule in operant conditioning where a response is reinforced after an unpredictable number of responses.

Fixed Interval

A type of reinforcement schedule in operant conditioning where rewards are provided after a specific, constant amount of time has passed.

Fixed Ratio

Fixed ratio denotes a schedule of reinforcement where a response is reinforced only after a specified number of responses have occurred.