Exhibit 5-5 -Refer to Exhibit 5-5. the Maximum Amount That a Consumer

question 16

Multiple Choice

Exhibit 5-5
-Refer to Exhibit 5-5. The maximum amount that a consumer is willing to pay for the tenth unit of the good is

• A)$0.
• B)$2.5.
• C)$5.0.
• D)$7.5.
• E)impossible to determine given the available information.

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Definitions:

Reinforcement

In behavioral psychology, an event that strengthens or increases the likelihood of a behavior by providing a consequence an individual finds rewarding.

Microsystem

In bioecological systems theory, the innermost level of context, which includes an individual’s immediate physical and social environment.

Mesosystem

In bioecological systems theory, the relations and interactions among microsystems.

Exosystem

In bioecological systems theory, social settings in which an individual does not participate but has an indirect influence on development.