If You Perform an Action and Its Consequence Is Positive

question 131

Multiple Choice

If you perform an action and its consequence is positive reinforcement, your tendency to perform the same action again

• A) remains unchanged.
• B) decreases.
• C) becomes cognitively associated with the original stimuli that triggered it.
• D) increases.

Understand the concept of opportunity costs in the context of economic profits.

Recognize the role of supply and demand in determining the market price for perfectly competitive firms.

Identify the factors leading to entry and exit in perfectly competitive markets.

Understand the significance of price, average total cost, and marginal cost in determining a firm's profitability.

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Definitions:

Ledger Account

A record that summarizes all the transactions related to a particular item or individual in the accounting system, facilitating the preparation of financial statements.

Service Revenue

Revenue generated from the provision of services to customers.

Accounts Receivable

Accounts Receivable refers to the money owed to a company by its customers for products or services delivered or used but not yet paid for.

Trial Balance

A bookkeeping report that lists the balances of all ledger accounts to verify that total debits equal total credits.