Graph 15-5 This Graph Depicts the Demand, Marginal-Revenue and Marginal-Cost

question 94

Multiple Choice

Graph 15-5 This graph depicts the demand, marginal-revenue and marginal-cost curves of a profit-maximising monopolist.Use the graph to answer the following question(s) .
-Refer to Graph 15-5.Which of the following areas represents the deadweight loss due to monopoly pricing?

• A)rectangle ACDB
• B)rectangle CFGD
• C)triangle BDE
• D)triangle BGE

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Definitions:

Reinforcer

A stimulus that, when presented after a behavior, increases the likelihood of that behavior being repeated.

Cumulative Recorder

A device used in behavioral psychology to visually represent the rate of responses over time in a graph form.

Shaping

A method of teaching or behavior modification that involves reinforcing successive approximations toward a desired behavior.

Shaping

The process of reinforcing successive approximations to a desired behavior.