-Refer to the Above Table

question 175

Multiple Choice

-Refer to the above table. If the price is $5, the maximum economic profits this firm could earn is

• A) $520.
• B) $420.
• C) $414.
• D) $106.

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Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment, introduced by B.F. Skinner.

Unpleasant Consequence

A negative result or effect that follows an action or decision, often serving as a deterrent for certain behaviors.

Punishment

The imposition of a penalty as a response to an offense or undesirable behavior, aiming to correct or deter such actions.

Operant Conditioning

A learning process in which the strength of a behavior is modified by reinforcement or punishment.