Marginal Benefit Is Equal to the ________ Benefit to a Consumer

question 131

Multiple Choice

Marginal benefit is equal to the ________ benefit to a consumer receives from consuming one more unit of a good or service

• A) total
• B) unintended
• C) additional
• D) surplus

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Definitions:

Observed Behavior

The actions or responses of an individual that can be seen and measured by others or oneself.

Vicarious Reinforcement

Learning that occurs by observing the consequences (rewards or punishments) of another person’s behavior.

Physiological Drives

Basic bodily needs that drive behavior, such as hunger, thirst, sleep, and sex.

Bandura

Albert Bandura, a renowned psychologist known for his work on social learning theory, which emphasizes the role of observational learning, imitation, and modeling in behavior.