You Are Part of a Local Community Theater Group

question 106

Multiple Choice

You are part of a local community theater group. It is the goal of the group to increase the amount of revenue earned through ticket sales. Mary says the obvious solution is to increase ticket prices. Is Mary correct?

• A) Mary is correct if the demand for tickets is price inelastic.
• B) Mary is incorrect if the demand for tickets is price inelastic.
• C) Mary is correct. The increase in ticket prices will always increase revenue.
• D) Mary is incorrect. The increase in ticket prices will never increase revenue.
• E) Mary is incorrect. The way to increase revenue is to decrease ticket prices.

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Definitions:

Negative Reinforcement

A behavioral psychology concept where a response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Probability of Response

A measure of the likelihood that a specific behavior will occur in response to a given stimulus.

Fixed Ratio Schedule

A schedule of reinforcement where a response is reinforced only after a specified number of responses.

Fixed Ratio

A schedule of reinforcement where a response is rewarded only after a specified number of responses, often used in learning and conditioning.