Figure 4-4 -Refer to Figure 4-4.The Figure Above Represents the Market for Represents

question 190

Multiple Choice

Figure 4-4

-Refer to Figure 4-4.The figure above represents the market for pecans.Assume that this is a competitive market.If 8,000 pounds of pecans are sold,

• A)the deadweight loss is equal to economic surplus.
• B)producer surplus equals consumer surplus.
• C)the marginal benefit of each of the 8,000 pounds of pecans equals $9.
• D)marginal benefit is equal to marginal cost.

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Definitions:

Spontaneous Recovery

The reappearance of a previously extinguished response after a period of no exposure to the conditioned stimulus.

Stimulus Discrimination

The learned ability to differentiate between similar stimuli, responding only to the original conditioned stimulus and not to similar ones.

Stimulus Generalization

A psychological phenomenon in which a response to a specific stimulus becomes associated with other stimuli that are similar.

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus.