The Basic Laws of Behavioral Psychology Hold That the Main

question 13

Multiple Choice

The basic laws of behavioral psychology hold that the main motivating force for humans is the

• A) increase in comfort or decrease in discomfort.
• B) pleasure principle.
• C) disapproval of fringe social groups.
• D) intrusive nature of sensory experiences deemed unacceptable to that person's social group.

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the amount of it that producers are willing to supply at each price level.

Total Variable Costs

The sum of all costs that vary directly with the level of production or output in the short term.

Output

The quantity of goods or services produced within a given time frame by a firm, sector, or country.

Equilibrium Price

The market value at which there's a perfect match between quantity of goods available and quantity desired by buyers.