Table 15-9 Consider the Following Demand and Cost Information for a Monopoly

question 162

Multiple Choice

Table 15-9
Consider the following demand and cost information for a monopoly.
-Refer to Table 15-9. What is the marginal cost of the 4th unit?

• A)$4
• B)$14
• C)$31
• D)$62

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Definitions:

Immediate Reinforcers

Rewards that occur directly following a behavior, increasing the chance of that behavior being repeated.

Partial Reinforcer

A reinforcement strategy in which only a portion of responses are rewarded, aimed at strengthening behavior.

Primary Reinforcer

An innately reinforcing stimulus, such as one that satisfies a biological need (e.g., food, water, shelter).

Variable-Ratio

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, influencing rapid and consistent response rates.