According to Molar Maximizing Theories of Matching

question 44

Multiple Choice

According to molar maximizing theories of matching,

• A)organisms always choose whichever response alternative is most likely to be reinforced at that time.
• B)organisms change from one response to another to improve on the local rate of reinforcement.
• C)the local rate of response is calculated over just the time the organism devotes to that particular response.
• D)organisms distribute their responses so as to maximize the amount of reinforcement they receive over the long run.

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Definitions:

Price Ceiling

A legally established maximum price that can be charged for a good or service.

Deadweight Loss

The reduction in economic productivity that takes place when a good or service fails to achieve or cannot achieve its balance point.

Equilibrium Price

The rate at which the amount of products offered matches the amount of products consumers desire in the marketplace.

Demand Functions

Mathematical formulas representing the relationship between the quantity demanded of a good or service and its price, along with other factors like income and prices of related goods.