The Difference Between the Actual Price That a Producer Receives

question 173

Multiple Choice

The difference between the actual price that a producer receives and the minimum acceptable price the producer is willing to take is called the producer

• A) revenues.
• B) surplus.
• C) costs.
• D) utility.

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Definitions:

Negative Reinforcement

The process of strengthening a behavior by removing or avoiding a negative outcome or stimulus.

Positive Punishment

A method of behavior modification that involves the addition of an unfavorable outcome or stimulus following an undesirable behavior to decrease its occurrence.

Negative Punishment

A behavior modification technique where a favorable stimulus is removed after a certain behavior, decreasing the likelihood of that behavior occurring in the future.

Positive Reinforcement

A behavioral concept where a desirable stimulus is introduced following a behavior, increasing the likelihood that the behavior will occur again.