Use the Following to Answer Question(s): Wage Determination in Perfect

question 17

Multiple Choice

Use the following to answer question(s) : Wage Determination in Perfect Competition

-(Exhibit: Wage Determination in Perfect Competition) A decrease in the marginal product of labor will result in:

• A) a higher wage.
• B) more labor being hired.
• C) an increase in the MRP of labor.
• D) a lower wage.

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Definitions:

Contingency Management

A behavior modification technique that reinforces desirable behaviors with rewards and sometimes punishes undesirable behaviors to promote behavior change.

Reciprocal Inhibition

A psychological principle that suggests the simultaneous activation of one psychological response can inhibit the occurrence of another incompatible response.

Counterconditioning

A behavior therapy technique where an undesired response to a stimulus is replaced with a desired behavior in the presence of that same stimulus.

Contingency Management

A type of behavioral therapy in which certain behaviors are reinforced through rewards or consequences to modify behavior.