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A Tractor Driver Learned That Every Time He Pushed a Large

question 159

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A tractor driver learned that every time he pushed a large button in his cab,a horn would sound.Now,whenever he wants the horn to blow,he presses the button.How can you extinguish the driver's learning?


Definitions:

Oligopsony

Market with only a few buyers.

Buying Price

The price at which a good or service is purchased by a consumer or another business.

Marginal Value Curve

The marginal value curve represents how the value of the last unit consumed (marginal value) changes as the quantity consumed increases.

Marginal Expenditure

The extra expense that results from acquiring or making an additional unit of a product or service.

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