Dexter Decides to Buy a New Smartphone and Offset the Cost

question 122

Multiple Choice

Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends.His friend has no money and wants to barter for the old phone.Dexter's preference for the items offered is in this order: laser printer,television,headphones,and bicycle.If Dexter accepts the laser printer as payment,what is his opportunity cost of this exchange?

• A) the total value of the television,headphones,and bicycle
• B) the difference between the value of the old phone and that of the new smartphone
• C) There is no opportunity cost in a consensual trade.
• D) the value of the laser printer
• E) the value of the television

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Definitions:

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Classical Conditioning

A process of education where two stimuli are persistently paired together; a reaction initially brought about by the second stimulus is eventually brought about by the first stimulus alone.

Tone

In psychology, often refers to the general attitude or underlying emotional quality of a communication or environment.

Stimulus Generalization

The tendency for a response that has been conditioned to one stimulus to be elicited by similar, but not identical, stimuli.