Refer to the Information Provided in Figure 13

question 198

Multiple Choice

Refer to the information provided in Figure 13.8 below to answer the question that follows. Figure 13.8
-Refer to Figure 13.8. Each electricity producer has the given LRAC curve. The total cost of producing 100,000 kilowatts per hour is minimized with ________ firm(s) in the industry.

• A) one
• B) ten
• C) one hundred
• D) Indeterminate from the given information.

---

Definitions:

Extinction

In behavior psychology, the process of reducing or eliminating a conditioned response by discontinuing reinforcement.

Stimulus Generalization

The psychological phenomenon where a response learned for one stimulus is involuntarily elicited by similar stimuli.

Higher-Order Conditioning

A form of learning in which a stimulus is paired with a previously conditioned stimulus, creating the same conditioned response without directly being paired with the unconditioned stimulus.

Response Renewal

The reemergence of a previously extinguished response following a change in context.