-The Table Above Gives the Demand for a Monopolist's Output

question 56

Multiple Choice

-The table above gives the demand for a monopolist's output. What is the marginal revenue when output is increased from 2 to 3 units?

• A) $18
• B) $4
• C) $7
• D) $6

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Definitions:

Extinction

In psychology, extinction refers to the gradual weakening and eventual disappearance of a conditioned response when the reinforcement is no longer provided.

Operant Conditioning

A behavior modification technique where the degree of an act is regulated via reinforcement or disciplinary measures.

Biological Constraints

Limitations on learning and adaptation that are rooted in an organism's biological characteristics.

Associative Learning

The process by which an individual learns the connection between two stimuli, or between a behavior and a response.