Figure 18-7 -Refer to Figure 18-7. Assume W1 = $20 and W2

question 152

Multiple Choice

Figure 18-7
-Refer to Figure 18-7. Assume W1 = $20 and W2 = $18, and the market is always in equilibrium. A shift of the labor supply curve from S1 to S2 would

• A) increase the value of the marginal product of labor by $2.
• B) decrease the value of the marginal product of labor by $2.
• C) decrease the value of the marginal product of labor by more than $2.
• D) not change the value of the marginal product of labor.

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Definitions:

Punishment

A consequence imposed on an individual for a perceived wrongdoing, intended to correct or deter undesirable behavior.

Social Learning Theorists

Scholars who study and explain how individuals learn behaviors, attitudes, and expectations by observing and modeling others in society.

Modeling

A process of learning behaviors by observing and imitating others.

Reinforcement

In behavioral psychology, it is any event that strengthens or increases the behavior it follows.