Which Type of Learning Occurs When We Observe Other People

question 112

Multiple Choice

Which type of learning occurs when we observe other people act?

• A)operant conditioning
• B)classical conditioning
• C)insight learning
• D)observational learning

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Definitions:

Economic Profit

The financial delta observed when a business's total outgoings, including every form of cost, are removed from its total intake.

MR = MC Rule

An economic principle stating that profit maximization occurs when a firm's marginal revenue equals its marginal cost.

Short Run

In economics, a timeframe during which the quantity of at least one production factor cannot be increased.

Long Run

A period in which all factors of production and costs are variable, allowing for full adjustment to changes in market conditions.