If a Candy Machine Isn't Working Properly, We Can Usually

question 169

Multiple Choice

If a candy machine isn't working properly, we can usually figure it out pretty quickly and do not continue to deposit coins into the machine. Because these machines are supposed to operate on a _____________ schedule, it is easier for people to tell when they are not working properly.

• A)variable ratio
• B)continuous
• C)fixed interval
• D)variable interval

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Definitions:

Utility Function

A mathematical representation of how consumer preferences are related to the consumption of goods and services.

Competitive Market

A market structure characterized by a large number of buyers and sellers, all of whom have minimal impact on the market price.

Coconuts

The large, round, tropical fruit with a hard shell, white flesh, and clear liquid inside, produced by the coconut palm.

Fish

Aquatic animals that are typically covered with scales and have fins for movement; also refers to the act of catching these animals as a form of consumption or sport.