-Refer to the Above Figure

question 64

Multiple Choice

-Refer to the above figure. If the market price is equal to A, which statement can be made about economic profits?

• A) Economic profits are positive and equal to ABCG.
• B) Economic profits are positive and equal to ABEF.
• C) Economic profits are negative and equal to GCEF.
• D) Economic profits are negative and equal to ABQ0.

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Definitions:

Extinction

In psychology, the gradual weakening and disappearance of a conditioned response when the conditioned stimulus is no longer paired with the unconditioned stimulus.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Latent Learning

The process of learning that occurs without any immediate or apparent reinforcement, which becomes apparent only when there is a reason to demonstrate it.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without any prior learning.