Behaviourists Focus on a Basic Kind of Learning Called ________

question 35

Multiple Choice

Behaviourists focus on a basic kind of learning called ________.

• A) instinctive drift
• B) conditioning
• C) sublimation
• D) selective thinking

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Definitions:

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product or service, as opposed to charging different prices based on consumer attributes or willingness to pay.

Profit-Maximizing

is the process of determining the best output and pricing levels to achieve the highest profit.

Demand Curve

A graphical representation showing how the quantity demanded of a good or service varies with its price.

Economic Profit

The difference between the total revenue earned by a business and the total costs, including both explicit and implicit costs.