Bill Created a New Software Program He Is Willing to Sell

question 79

Multiple Choice

Bill created a new software program he is willing to sell for $200.He sells his first copy and enjoys a producer surplus of $150.What is the price paid for the software?

• A)$50.
• B)$150.
• C)$200.
• D)$350.

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Definitions:

Reinforcement

A consequence that increases the likelihood of a behavior being repeated in the future.

Bandura

A psychologist best known for his work on social learning theory, stressing the importance of observational learning, imitation, and modeling.

Secondary Reinforcers

Stimuli that have no inherent value but have been learned to be rewarding through their association with primary reinforcers.

Intrinsically Reinforcing

Referring to activities or stimuli that are enjoyable and rewarding in themselves, without requiring external validation.