-Use the Above Table

question 213

Multiple Choice

-Use the above table. Which of the following is true if real disposable income is $150?

• A) APC is less than MPC.
• B) APC = 0.8.
• C) APS = 0.2.
• D) APS is less than MPS.

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Definitions:

Decreases

Reductions or declines in numbers, size, strength, or another measurable factor.

Frequency

The rate at which a repeating event occurs over a specified time period.

Extinction Procedure

A method used in behavior psychology to reduce or eliminate the occurrence of a conditioned response by discontinuing reinforcement.

Reinforcer

An element used in behavioral psychology to encourage the repetition of a desired behavior by providing a consequence that the individual finds rewarding.