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Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".
Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.
For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.
The situation described is an example of classical conditioning because a stimulus (Scut Farkas laughs) causes a specific reaction (fear in the other characters)
<h3>What is classical conditioning?</h3>
Classical conditioning is a scientific theory that focused on the study of a type of associative learning developed by Ivan Pávlov.
Classical conditioning posits that an external stimulus can generate a specific response in an individual or group depending on whether it has associated both factors, for example:
- A dog makes a response (in this case, salivation) to a stimulus (the bell indicating food). The next time he heard the bell, regardless of whether it was attached to the food, he would begin to salivate.
Based on the above, it can be inferred that the situation described is an example of classical conditioning because the characters associate Scut Farkas' laughter with a feeling of fear.
Learn more about classical conditioning in: brainly.com/question/17583598
Answer:
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Explanation:
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