Your Dog Tends to Salivate and Get Excited When You

question 42

Multiple Choice

Your dog tends to salivate and get excited when you shake a box of dog biscuits. However, your dog does not drool when you shake a bag of cat food. This is an example of:

• A)stimulus generalization.
• B)spontaneous recovery.
• C)stimulus discrimination.
• D)higher order conditioning.

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Definitions:

Economic Profits

The surplus left after deducting all costs, including opportunity costs, from a firm's total revenues, indicating the efficiency of resource allocation.

ATC Curve

Represents the Average Total Cost per unit of output produced, which is calculated by dividing the total cost by the quantity of output.

Non-price Competition

Strategies used by companies to attract customers through methods other than lowering prices, such as product differentiation and marketing.

Profit-maximizing

A strategy or point where a firm reaches its highest possible profit under given market conditions, taking into account costs and revenue.