After He Was Spanked on Several Occasions for Spilling His

question 27

Multiple Choice

After he was spanked on several occasions for spilling his milk at a restaurant,Colin became afraid to go to the restaurant. In this case,spanking was a(n) ________ for Colin's fear.

• A)negative reinforcer
• B)conditioned stimulus
• C)secondary reinforcer
• D)unconditioned stimulus

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Definitions:

Economic Profit

The measure of difference between total financial returns and comprehensive charges, taking into both explicit and silent costs.

Market Price

The existing price point for transactions involving an asset or service in the market.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit, leading to price taking behavior.

Marginal Revenue

The increase in revenue that results from selling one more unit of a product.