Use the Following to Answer Questions: Table: Myrtle Beach Golf

question 203

Multiple Choice

Use the following to answer questions: Table: Myrtle Beach Golf $\begin{array}{l}\hline \text {Maximum Willingness to Pay for One-Night Stay and One Round of Golf}\\\begin{array}{lcc} & David & John \\\hline One-Night Stay & 50 & 110 \\Round of Golf & 80 & 35 \\\hline\end{array}\end{array}$
-(Table: Myrtle Beach Golf) Refer to the table. Assume that marginal costs of production are zero. If the resort bundles a one-night stay with a round of golf, how much profit will it make on David and John?

• A) $260
• B) $380
• C) $290
• D) $275

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Definitions:

Secondary

In psychology, refers to stimuli or reinforcers that acquire their effectiveness through association with primary reinforcers.

Instrumental Conditioning

A learning process through which the strength of a behavior is modified by its consequences, such as rewards or punishments.

Operant Conditioning

A learning process where behavior is modified by consequences, such as rewards for positive behavior or punishments for negative behavior.

Constrain

A limitation or restriction on actions or outcomes.