Marginal Revenue Is

question 58

Multiple Choice

Marginal Revenue is

• A) the increase in total revenue from selling one more unit of output.
• B) equal to P(1+1/ε).
• C) equal to P when the price elasticity of demand is infinite.
• D) All of the above.

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Definitions:

Observational Learning

A form of learning that occurs through observing the behavior of others and the consequences of that behavior.

Reinforcement

In operant conditioning, any event that strengthens, or increases the frequency of, a desired behavior.

Strengthen Behaviour

The process of increasing the likelihood that a behavior will be repeated through reinforcement or reward.

Learning Theorists

Scholars and psychologists who study and develop theories about how people acquire knowledge, skills, attitudes, and behaviors.