If a Marginal Cost Pricing Rule Is Imposed on the Firm

question 112

Multiple Choice

If a marginal cost pricing rule is imposed on the firm in the figure above, the price will be

• A) $5 per unit.
• B) $25 per unit.
• C) $40 per unit.
• D) $20 per unit.

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Definitions:

Institutional Contingency Management

A behavioral strategy that employs reinforcement or punishment within institutional settings to promote desired behaviors.

Competency

A measure of an individual's ability to perform a task or job effectively, based on skills, knowledge, and abilities.

Token Economies

A behavioral therapy technique where desired behaviors are reinforced with tokens that can be exchanged for privileges or treats.

Behavior Therapy

A form of psychotherapy that focuses on changing negative behaviors through various techniques such as conditioning and behavioural modification strategies.