The Average Consumer at a Firm with Market Power Has

question 65

Multiple Choice

The average consumer at a firm with market power has an inverse demand function of P = 10 − Q.The firm's cost function is C = 2Q.If the firm engages in two-part pricing,what is the optimal price to charge a consumer for each unit purchased?

• A) $0
• B) $1
• C) $4
• D) None of the answers are correct.

Distinguish between different types of learning (e.g., operant conditioning, observational learning).

Compare and contrast the roles of positive reinforcement, negative reinforcement, and punishment in shaping behavior.

Recognize the significance of biological constraints on learning.

Interpret the practical applications of behavior modification techniques.

---

Definitions:

Field Research

The collection of data outside of a laboratory, library, or workplace setting, directly in the natural or real-world setting.

Single-Blind Study

A type of study or experiment where only the participants do not know which group (control or experimental) they are in to reduce bias.

Ethical Guideline

A set of recommendations that outline appropriate conduct and decision-making to ensure ethical behaviour in various contexts.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the creation, communication, and application of psychological knowledge to benefit society and improve people's lives.