The Idea That Behaviors Followed by a "Satisfying State of Affairs

question 211

Multiple Choice

The idea that behaviors followed by a "satisfying state of affairs" tend to be repeated and those that produce an "unpleasant state of affairs" are less likely to be repeated is known as:

• A)Pavlov's law of law of classical conditioning.
• B)Thorndike's law of effect.
• C)Garcia's theory of evolutionary conditioning.
• D)Tolman's theory of latent learning.

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Definitions:

Marginal Revenue

The additional income generated from selling one more unit of a product or service, crucial for decision-making in production and pricing strategies.

ΔTR/Δq

Represents the change in total revenue divided by the change in quantity sold, indicating marginal revenue.

TR/q

Represents Total Revenue divided by quantity, a formula used to calculate average revenue per unit sold.

Short Run

A period during which at least one of a firm's inputs is fixed and cannot be changed.