Thanks to Donations from Merchants in the Community, an After-School

question 54

Multiple Choice

Thanks to donations from merchants in the community, an after-school club for disadvantaged children has introduced a new promotion: those who maintain a B average for the school year will each receive $100 in gift certificates from local businesses, such as an ice-cream parlor and a clothing store. This is an example of

• A) learning orientation.
• B) behavioral modeling.
• C) positive reinforcement.
• D) continuous reinforcement.
• E) performance-prove orientation.

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Definitions:

Short-run Supply Curve

A graphical representation showing the quantity of goods a firm is willing and able to supply at different prices in the short run, considering some inputs are fixed.

Cost Curves

Graphical representations used in economics to show the costs of producing a certain number of goods, underlining concepts like marginal cost and average cost.

Identical

Exactly the same, without any difference.

Long-run Equilibrium

A state in which all factors of production can be adjusted, allowing for the optimal allocation of resources in a market or economy over time.