Suppose a Company Has Estimated That the Marginal Cost of Manufacturing

question 1

Multiple Choice

Suppose a company has estimated that the marginal cost of manufacturing x items is $c ^ { \prime } ( x ) = 5 + 0.02 x$ (measured in dollars per unit) with a fixed start-up cost of c(0) = 10,000. Find the cost of producing the first 500 items.

• A)$15,000
• B)$5,000
• C)$10,000
• D)$17,500
• E)$25,000
• F)$6000
• G)$20,000
• H)$60,000

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Definitions:

Brelands

Refers to Keller and Marian Breland, psychologists who studied animal behavior and learning, emphasizing instinctual drift.

Learning Selectivity

The process by which individuals or animals selectively focus on certain stimuli while ignoring others during the learning process, influenced by various factors such as relevance and past experience.

Constraint on Learning

Factors or conditions that limit or influence the process and effectiveness of learning.

Instinctive Drift

A phenomenon where learned behavior reverts to an organism's instinctual patterns, overriding conditioning.