A Region Is Considering Two Sites on Which to Locate

question 30

Multiple Choice

A region is considering two sites on which to locate a new wastewater treatment plant. Site A has been owned by the region for five years and the region initially paid $200,000 for the land. The current market value of Site A is $400,000. Site B is land the region would have to purchase for $300,000. What is the social opportunity cost of each site?

• A) $200,000 for Site A; $300,000 for Site B
• B) $300,000 for Site A; $300,000 for Site B
• C) $400,000 for Site A; $300,000 for Site B
• D) The social opportunity cost should be state for the project, not each site and would be equal to the lowest value for either site, $200,000.

Identify behavior therapy techniques and their theoretical foundations, including systematic desensitization and aversion therapy.

Understand the process and importance of self-monitoring in behavior modification.

Recognize the use of behaviorist methods in treating phobias and other psychological issues.

Acknowledge the criticism of behaviorism and its limitations.

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Definitions:

Specialty Products

Goods or services that are perceived as unique or high-value by the consumer, often leading to a significant effort to purchase.

Shopping Products

Products for which consumers spend considerable effort comparing quality, price, and style across different sellers.

Convenience Products

Goods that are readily available to consumers and purchased with minimal effort, such as everyday items.

Unsought Products

Goods that consumers do not normally think of buying or do not know exist until they encounter them, often requiring significant marketing effort to sell.