Jeff's Parents Have Set Up a System That Awards Him

question 134

Multiple Choice

Jeff's parents have set up a system that awards him points when he performs certain behaviours around the house. The points can then be exchanged for privileges such as watching television or going to a movie. This arrangement is similar to

• A) a token economy.
• B) a time out.
• C) rational-emotive therapy.
• D) systematic desensitization.

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Definitions:

Marginal Revenue

The additional revenue that is generated by selling one more unit of a product or service.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity of output produced.

Marginal Cost

Marginal cost is the additional cost incurred in the production of one more unit of a good or service.

General Motors

An American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.