A Decrease in Long-Run Average Costs Resulting from Increases in Output

question 35

Multiple Choice

A decrease in long-run average costs resulting from increases in output is

• A) attributed to economies of scale.
• B) attributed to diseconomies to scale.
• C) attributed to constant returns to scale.
• D) attributed to the law of diminishing marginal product.

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Definitions:

Variable Interval

Variable interval refers to a reinforcement schedule in which rewards are given after unpredictable time intervals, used in behavioral conditioning.

Reinforcement

In psychology, a process by which a stimulus increases the probability of a response through either positive or negative reinforcement.

Response

A reaction to a specific stimulus or set of stimuli, which can be observable behavior or internal processes.

Intermittent Reinforcement

A conditioning schedule where a response is reinforced only some of the time, leading to more resistant behaviour to extinction.