A Major Automaker Has Developed a Series of Television Commercials

question 40

Multiple Choice

A major automaker has developed a series of television commercials that show its cars in the great outdoors,in peaceful settings,away from the hustle and bustle of big cities.The company hopes that seeing the cars in these settings will condition good feelings about its cars.Which learning principle is this particular automaker attempting to use

• A) operant conditioning 
• B) classical conditioning 
• C) observational learning 
• D) noncontingent reinforcement

Understand the relationship between price, average revenue, marginal cost, and marginal revenue in the determination of production levels.

Calculate economic profits or losses based on price, average cost, and output levels.

Explain the role of fixed and variable costs in the firm's short-run production decisions.

Understand the impact of market demand on equilibrium price in a purely competitive market.

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Definitions:

MBCA

Model Business Corporation Act, a set of model laws implemented by some states to regulate the affairs of corporations.

Guth V. Loft

A notable court case dealing with corporate opportunity doctrine, establishing parameters for fiduciary duty and conflicts of interest within corporations.

Pepsi-Cola Syrup

A concentrated formula used to make Pepsi-Cola beverage, often mixed with carbonated water.

Usurped

The act of taking someone's power or property by force or without legal right.