If the Marginal Benefit Received from Consuming a Good Is

question 139

Multiple Choice

If the marginal benefit received from consuming a good is equal to the marginal cost of production:

• A)society's well-being cannot be improved by changing production.
• B)society's well-being can be improved if production decreases.
• C)society's well-being can be improved if production increases.
• D)the market is producing too much of the good.

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Definitions:

Higher-order Conditioning

A form of conditioning in which a stimulus that has become a conditioned stimulus is paired with a new neutral stimulus, creating a second conditioned stimulus.

Opponent Process

A theory suggesting that emotions are regulated by mechanisms that operate in opposing pairs, allowing for emotional adaptation over time.

Behavioral Contrast

The phenomenon where the rate of response varies inversely with an alteration in the reinforcement conditions, observed across different contexts or schedules of reinforcement.

Sensitization

The process by which a stimulus causes an overreaction in an organism due to prior exposure to high-intensity or noxious stimuli.