Money, Status, and Praise Are Examples of

question 78

Multiple Choice

Money, status, and praise are examples of

• A) consequential reinforcers.
• B) preliminary reinforcers.
• C) primary reinforcers.
• D) secondary reinforcers.

---

Definitions:

Profit Maximization

The process or strategy a firm uses to achieve the highest possible profit from its operations.

Wage

The monetary compensation paid by employers to employees in exchange for their labor, typically calculated on an hourly, daily, or piece work basis.

Labor

The human effort, both physical and mental, employed in the production of goods and services.

Value of Marginal Product

The increment in revenue a firm realizes from employing one additional unit of input, holding all other factors constant.