The Point That Each Glass of Lemonade Consumed on a Hot

question 243

Multiple Choice

The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the principle of

• A) total benefits.
• B) increasing marginal cost.
• C) decreasing marginal benefit.
• D) increasing opportunity cost.
• E) decreasing marginal price.

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Definitions:

Positive Reinforcement

The process of increasing the probability of a behavior by following it with a desirable event or outcome.

Likelihood

The probability or chance of an event occurring.

Punishment

A consequence that decreases the likelihood that a behavior will occur.

Extinction

The diminishing of a conditioned response when the reinforcement or pairing of stimuli is removed.