Graphically,profit Per Unit of Output Can Be Found By

question 59

Multiple Choice

Graphically,profit per unit of output can be found by:

• A)the triangle formed under the demand curve.
• B)the rectangle formed under the demand curve at a given price and quantity combination.
• C)the rectangle formed under the average-total-cost curve at a given ATC and quantity combination.
• D)the line segment between the demand and average-total-cost curves at any level of output.
• E)the line segment between the horizontal axis and the average-total-cost curves at any level of output.

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Definitions:

Conditional Response

A learned response to a previously neutral stimulus that has become associated with another stimulus through conditioning.

Unconditional Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.

Conditional Stimulus

In classical conditioning, a previously neutral stimulus that, after association with an unconditioned stimulus, comes to elicit a conditioned response.

Unconditional Response

An automatic response to a stimulus that occurs naturally without any need for learning or conditioning.