Which of the Following Is True When the Price of a Good

question 191

Multiple Choice

Which of the following is true when the price of a good is zero?

• A)A consumer will consume additional units of the good as long as the ratio of total utility to price is positive.
• B)A consumer will consume an infinite quantity of the good as the good is available free of cost.
• C)A consumer will consume additional units of the good as long as marginal utility is positive.
• D)A consumer will consume the entire amount of the good available in the market.
• E)A consumer will consume until total utility derived from consumption becomes zero.

Apply classical conditioning principles to analyze real-life scenarios and behavior modification techniques.

Differentiate between classical and operant conditioning, explaining their distinct mechanisms and applications.

Correlate the effectiveness of conditioning to the predictiveness and salience of stimuli.

Evaluate the role of schedules of reinforcement and reinforcement contingencies in shaping behavior.

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Definitions:

Organizational Behavior

Examining how humans behave within organizations, how they interact with these organizations, and the analysis of the organizations themselves.

Internal Processes

The operations or activities that occur within an organization or system which are crucial for its functioning.

Effectiveness

The degree to which objectives are achieved and desired outcomes are realized, often used as a metric for success in various contexts.

Seven Key Competencies

A set of crucial abilities or skills deemed essential for effective performance in a job or activity.