In the Study by Greene, Sternberg, and Lepper (1976), They

question 182

Multiple Choice

In the study by Greene, Sternberg, and Lepper (1976) , they gave students a math game to play for fun. They measured how much time the children played with the math game prior to any incentive. Then they implemented a reward system to see if they could increase the willingness to play with the game. During the reward program, time spent playing the game increased, and then the reward program was stopped. When compared to control participants, students who were part of the reward program __________ interest in playing the games once the reward program was stopped.

• A) lost significantly more
• B) gained significantly more
• C) lost significantly less
• D) gained significantly less

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Definitions:

Marginal Revenue

The additional income earned from selling one more unit of a good or service.

Competitive Price-Taker

A market participant who accepts the prevailing market prices as given because they have no power to influence those prices due to intense competition.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Profit Maximized

The point at which a firm achieves the highest profit possible, considering the level of output and cost of production.