A Husband and Wife Observe a Toddler Throwing a Temper

question 150

Multiple Choice

A husband and wife observe a toddler throwing a temper tantrum at a toy store.The husband comments under his breath,"What an annoying little beast!" His wife,noticing that the mother of the toddler just gave the boy a toy to calm him down,states,"It's not his fault.He's behaving exactly as _____ would predict."

• A)William James
• B)B.F.Skinner
• C)Ivan Pavlov
• D)John Watson

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Definitions:

Profit-maximizing

A strategy or approach that aims to achieve the highest possible profit from business activities.

Marginal Revenue

The revenue increase from selling an additional good or service unit.

Competitive Price-searcher

A market condition where firms have some control over pricing because their products are differentiated, but they must still consider competitors' prices in their pricing strategy.

Retail Selling

The process of selling goods or services directly to consumers through various channels, such as stores, online platforms, or by phone.