To Calculate Producer Surplus

question 115

Multiple Choice

To calculate producer surplus:

• A) integrate the area under the demand curve and above the equilibrium price.
• B) integrate the area under the demand curve and above the supply curve.
• C) integrate the area under the equilibrium price and above the supply curve.
• D) integrate the area under the supply curve.

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Definitions:

Skinner Box

An experimental apparatus used by B.F. Skinner in the study of animal behavior, allowing systematic study of behavioral conditioning.

Reinforcer

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

Cumulative Recorder

A device used in behavioral psychology to visually represent the rate of responses over time in a graph form.

Shaping

A method of teaching or behavior modification that involves reinforcing successive approximations toward a desired behavior.