Table 4.1 Quantity of Frozen Latte-On-A-Stick Supplied

question 44

Multiple Choice

Table 4.1
Quantity of Frozen Latte-On-A-Stick Supplied

-Refer to Table 4.1, which shows Flo's and Rita's individual supply schedules for frozen latte-on-a-stick. Assuming Flo and Rita are the only suppliers in the market, what is the market quantity supplied at a price of $2?

• A) 0
• B) 2
• C) 3
• D) 5

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Definitions:

Law of Immediate Reinforcement

A principle suggesting that reinforcement (rewards or punishments) following a behavior makes it more likely that the behavior will occur again in the future.

Punishment

A consequence or penalty imposed for wrongdoing or breach of rules, intended to modify behavior through negative reinforcement.

Negative Reinforcement

A psychological principle involving the removal of an unpleasant stimulus to increase the likelihood of a desired behavior occurring again.

Law of Contingent Reinforcement

A principle stating that the effectiveness of reinforcement depends on its delivery contingent upon the occurrence of a specific behavior.