Every 2 Weeks You Receive a Paycheck for Work Completed

question 89

Multiple Choice

Every 2 weeks you receive a paycheck for work completed in the previous 2 weeks.Your work behavior is reinforced on a:

• A) fixed interval schedule.
• B) variable interval schedule.
• C) fixed ratio schedule.
• D) variable ratio schedule.

Understand the concept of marginal revenue and its implications for monopoly pricing and output decisions.

Recognize the characteristics and implications of natural monopolies and public utilities.

Identify and understand the effects of economies of scale and network externalities on market structure.

Understand the role of patents and other incentives in promoting innovation and invention.