Use the Following to Answer Questions

question 40

Multiple Choice

Use the following to answer questions:
Figure: Market Failure
-(Figure: Market Failure) Look at the figure Market Failure. Suppose the supply curve represents the marginal cost of providing streetlights in a neighborhood that is composed of two people, Ann and Joe. The demand curve represents the marginal benefit that Ann receives from the streetlights. Suppose that Joe's marginal benefit from the streetlights is a constant amount equal to AC. How much is Ann willing to pay for E streetlights?

• A) 0
• B) A
• C) B
• D) C

Understand the use of entertainment-education programs in promoting social change.

Understand different self-control strategies and their applications in real-life scenarios.

Learn how the subjective value of reinforcers changes as their availability approaches.

Acquire knowledge on fundamental learning mechanisms such as classical and operant conditioning.

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Definitions:

Reinforced

In psychology, refers to the process of strengthening a behavior by providing a reward or removing an adverse stimulus after the behavior occurs.

Positive Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Conditioned Stimulus

A stimulus that was neutral at first but, after being associated with an unconditioned stimulus, starts to generate a conditioned response.

Positive Reinforcer

An incentive that, upon being introduced following an action, heightens the probability of the action being performed again.