Which of the Following Products Is Most Likely to Benefit

question 13

Multiple Choice

Which of the following products is most likely to benefit from depreciation of the dollar?

• A) high?end signal processor from Hewlett?Packard that faces minimal competition
• B) Chevrolet automobile with a highly price elastic demand
• C) Mercedes?Benz auto facing price inelastic demand
• D) low?end Japanese machine tool

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Definitions:

Fixed Ratio Schedule

A type of reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses.

Variable Interval Schedule

A reward system where a response is given a reward after a random duration of time.

Fixed Interval Schedule

A schedule of reinforcement where rewards are given after a set period of time passes, regardless of the number of responses.

Reinforcement Schedules

In operant conditioning, the rule that is used to determine when and how frequently an action should be reinforced.