The Probability of a Given Response Is Decreased by

question 191

Multiple Choice

The probability of a given response is decreased by

• A) positive reinforcement.
• B) negative reinforcement.
• C) punishment.
• D) either negative reinforcement or punishment.

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Definitions:

Profit

The profit achieved when the revenue from a business activity surpasses the necessary expenses, costs, and taxes to maintain that activity.

Economic Costs

The total expenses incurred in producing a good or service, including opportunity costs.

Total Revenue

The overall amount of money earned by a business from the sale of its goods or services, calculated as the product of price times quantity sold.

Economic Profits

Profits exceeding the opportunity costs of a firm, representing earnings beyond the breakeven point.