Refer to the Following Table to Answer the Following Questions

question 113

Multiple Choice

Refer to the following table to answer the following questions:

-Liza is the only provider of bottled water for three cities.Because she has access to a natural spring,the marginal cost to produce an additional bottle is $0.How many bottles of water would Liza need to produce to maximize her profits and at what price would she sell it?

• A) 111 bottles at $11 each
• B) 10 bottles at $10 each
• C) 115 bottles at $7 each
• D) 88 bottles at $12 each
• E) 115 bottles at $7 each.

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Definitions:

Negative Reinforcement

A behavioral technique that involves the removal of an unpleasant stimulus to increase the likelihood of a behavior being repeated.

Positive Reinforcement

The addition of a stimulus following a desired behavior that increases the likelihood of the behavior being repeated.

Negative Punishment

A behavior modification method where something desirable is removed to decrease the likelihood of a particular behavior occurring again.

Positive Punishment

A methodology in behaviorism where an undesirable outcome follows an unwanted behavior, with the aim of decreasing the frequency of that behavior.