Kevin Is a Good Student

question 38

Multiple Choice

Kevin is a good student. He studies hard because when he does he gets the teacher's approval. His studying behavior was probably learned through ________.

• A) generalization
• B) operant conditioning
• C) classical conditioning
• D) trial and error

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Definitions:

Profit Maximizing

The process of adjusting production and sale strategies to achieve the maximum possible profit.

Perfectly Competitive

A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to entry or exit, and perfect information among buyers and sellers.

Purification Costs

The expenditures involved in the process of removing impurities or contaminants from a substance, often related to environmental procedures or manufacturing processes.

U-Shaped AVC

The U-Shaped Average Variable Cost curve represents how the per-unit production expenses initially decrease due to increasing returns and subsequently increase after reaching a certain scale due to diminishing returns.