(Table: Demand Schedule for Gadgets) Look at the Table Demand

question 40

Multiple Choice

(Table: Demand Schedule for Gadgets) Look at the table Demand Schedule for Gadgets.The market for gadgets is dominated by two producers, Margaret and Ray.Each firm can produce gadgets at a marginal cost of $2.The table shows the market demand schedule for gadgets.If the industry was a perfectly competitive industry, the output would be gadgets, and the
Price would be _.

• A)0; $10.
• B)500; $5.
• C)600; $4.
• D)800; $2.

---

Definitions:

Higher-order Conditioning

A learning process where a conditioned stimulus is paired with a new neutral stimulus, causing the neutral stimulus to elicit the conditioned response without a direct association with the unconditioned stimulus.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov's dogs.

Salivate

The process of secreting saliva, especially in response to the presence of food as a part of the digestive process.

Stimulus Discrimination

The learned ability to distinguish between a conditioned stimulus and other stimuli that do not signal an unconditioned stimulus.