A Worker Can Always Build a Chair in Four Hours

question 202

Multiple Choice

A worker can always build a chair in four hours.If a chair sells for $40 in a perfectly competitive market, then the equilibrium wage per hour in a perfectly competitive labor market is

• A)$4.
• B)$10.
• C)$40.
• D)$160.

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Definitions:

Negative Reinforcement

A behavioral concept where the removal of an undesirable or negative outcome following a behavior increases the likelihood of that behavior being repeated in the future.

Partial Reinforcement Strategy

A conditioning strategy where rewards or consequences are not given every time the desired behavior is performed, making the behavior more resistant to extinction.

Good Report

Good report typically means positive feedback or evaluation about an individual's or organization's performance, conduct, or results.

Model

A simplified representation of a system, theory, or phenomenon, used to explain its behavior under various conditions or to predict its responses.