A Firm's Demand Curve Is Q = 2 - 0

question 3

Multiple Choice

A firm's demand curve is Q = 2 - 0.01P, where Q is measured in millions. The firm's marginal revenue when output is Q = 0.50 is $____.

• A) 200
• B) 150
• C) 125
• D) 100

---

Definitions:

Extinction

In behavioral psychology, the process by which a previously learned behavior is reduced and eventually disappears when reinforcement is no longer provided.

Reinforcement

In behavioral psychology, a concept that involves increasing the likelihood of a behavior by following it with a positive or removing a negative stimulus.

Memory

The cognitive process involving the encoding, storage, and retrieval of information, allowing individuals to learn from experience and adapt to new situations.

Cooing

Prelinguistic vowel-like sounds that reflect feelings of positive excitement.