If the Price of an Input Falls,a Firm Would Increase

question 11

Multiple Choice

If the price of an input falls,a firm would increase the use of that input for two reasons:

• A)The input is now more productive,and the firm can substitute this input for other relatively more expensive inputs.
• B)The input is now more productive,and overall production costs are now lower,meaning a firm may choose to increase production.
• C)Overall production costs are now lower and the firm can substitute this input for other relatively more expensive inputs.
• D)Overall production costs are now lower and the firm will have more of other inputs to use with the one in question.

Understand the concept of reinforcement and its types in Skinner's theory.

Identify behavior changes based on positive and negative reinforcements.

Discuss the impact of environment and reinforcement on behavior according to Skinner.

Explain the Adler's individual personality theory and compare it with Skinner's theory.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue or situation in order to form a judgment.

Clinical Inference

The process of drawing conclusions about a patient's health status based on available data and professional judgment.

Cervical Spinal

Pertaining to the cervical region of the spine, which consists of the first seven vertebrae situated in the neck area.

Data Collection

The process of gathering and measuring information on variables of interest in an established systematic fashion.