The Change in Total Cost That Results from Producing and Marketing

question 284

Multiple Choice

The change in total cost that results from producing and marketing one additional unit of product is referred to as

• A)fixed cost.
• B)total cost.
• C)marginal cost.
• D)variable cost.
• E)unit cost.

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Definitions:

Avoidance Learning

A type of learning whereby an individual learns a behavior to avoid an unpleasant or harmful stimulus.

Extinction

The process through which a previously learned behavior diminishes in frequency or intensity when the reinforcement is no longer presented.

Omission Training

A schedule of reinforcement in which the absence of response leads to reinforcement.

Bank Robbing

The act of illegally entering a bank with the intent to steal money or valuable securities.