Paul and Micheal sell magazine subscriptions by telephone. Paul is paid $1.00 for every five calls he makes, while Mike is paid$1.00 for every subscription he sells, regardless of the number of calls he makes. Paul's telephoning is reinforced on a <u>fixed-interval</u> schedule, whereas Mike's is reinforced on a <u>variable-ratio</u> schedule.
<h3><u>What is a fixed-interval timetable?</u></h3>
The initial response is rewarded only after a predetermined period of time has passed in fixed-interval schedules. This schedule results in rapid responses near the end of the interval but slower responses right after the reinforcer are given. A fixed-interval (FI) schedule consists of two parts:
- It calls for the passage of a certain amount of time before reinforcement will be supplied in response to a response, and
- No response during the interval is reinforced; only the first response after the interval's completion is reinforced.
<h3><u /></h3><h3><u>What is the variable-ratio schedule?</u></h3>
A schedule of reinforcement known as a variable ratio schedule rewards a behavior after a predetermined number of responses. High, consistent response rates are the result of this type of timetable. Because they believe that the subsequent reaction might be the one they need to receive reinforcement, organisms are persistent in responding.
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Answer: a. 10%
b. -30%
Explanation:
a. What is the percentage change in the price of milk?
Old price = $5.00
New price = $5.50
Percentage change = ($5.50 - $5.00)/$5.00 × 100
= 0.50/5.00 × 100
= 1/10 × 100
= 10%
Percentage change on price = 10%
b. What is the percentage change in the quantity demanded for Boo Berry Cereal?
Old quantity = 1000
New quantity = 700
Percentage change = (700 - 1000)/1000 × 100
= -300/1000 × 100
= -30%
The percentage change in the quantity demanded for Boo Berry Cereal is -30%.
Answer:
management of the money supply
Explanation:
The Federal Open Market Committee (FOMC) is made up of seven members of the Board of Governors, the president of the federal reserve bank of New York and four rotating regional federal reserve bank presidents. It is in charge of conducting the Fed's monetary policy, i.e. buying and selling US securities to increase or decrease the money supply.
Answer:
1. c. a consolidation
2. a. all of Shale's and Tierra's assets
3. c. all of Shale's and Tierra's debts
Explanation:
1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.
2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.
3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.
Answer:
If a shortage exists in the cantaloupe market, then the current price must be lower than the equilibrium price. For the market to reach equilibrium, you would expect buyers to offer higher prices.
Explanation:
As there is shortage in cantaloupe market ( Supply curve shifts to the left), there are not enough cantaloupe to sell to buyers.
So, buyers will compete for lower supply amount of cantaloupe by willing to pay higher price.
With the existence of supply shortage and buyers is willing to pay higher price, the equilibrium price will goes up, thus it will be higher than the current price.
