Changes in the Output of a Perfectly Competitive Firm, Without

question 509

Multiple Choice

Changes in the output of a perfectly competitive firm, without any change in the price of the product, will change the firm's

• A)total revenue.
• B)marginal revenue.
• C)average revenue.
• D)All of the above are correct.

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Definitions:

Contingency Management

A behavior modification technique that involves varying reinforcement conditions to change behavior.

Assessment

The systematic evaluation of processes, characteristics, or outcomes often used to measure knowledge, skills, attitudes, or abilities.

DRO Schedule

A Differential Reinforcement of Other behavior schedule involves reinforcing a subject for exhibiting any behavior other than a target behavior, used in behavior modification programs.

Reinforcement

Reinforcement in psychology is a concept in behaviorism that increases the likelihood of a response by following it with a positive stimulus or the removal of a negative one.