John Donahoe and David Marrs Trained a Pigeon in a Discrimination

question 31

Multiple Choice

John Donahoe and David Marrs trained a pigeon in a discrimination task.They found that the bird discriminated correctly after a retention interval of .

• A)6 months
• B)2 years
• C)8 years
• D)12 years

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Definitions:

Consumer Surplus

The variance between the sum consumers are willing to shell out for a good or service and the sum they actually shell out.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a balance in the market.

Producer Surplus

The discrepancy between the price at which producers are prepared to offer a good or service and the price they actually obtain.

Demand Shifts

Refers to the change in the quantity demanded of a good or service at any given price, caused by factors other than the price of the good itself.