Table 4-2 -Refer to Table 4-2.The Table Above Lists the Highest Prices

question 151

Multiple Choice

Table 4-2

-Refer to Table 4-2.The table above lists the highest prices five consumers are willing to pay for a theater ticket.If the price of one ticket is $25,

• A)everyone will buy a ticket.
• B)consumer surplus will be maximized.
• C)Anya's consumer surplus is $1.
• D)no one will buy a ticket.

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Definitions:

Operant Conditioning

Operant conditioning is a learning process wherein behavior is modified by reinforcement or punishment, a principle established by B.F. Skinner in behavioral psychology.

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Operant Conditioning

A type of learning in which behavior is strengthened if followed by a reinforcer or diminished if followed by a punisher.