Motivation Based on the Rewards and Punishments That an Act

question 14

Multiple Choice

Motivation based on the rewards and punishments that an act may bring is called?

• A) homeostasis.
• B) intrinsic motivation.
• C) drive reduction.
• D) extrinsic motivation.

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Definitions:

Short-Run Supply Curve

A graphical representation showing the quantity of goods a firm is willing to supply at different price levels in the short term, holding some inputs fixed.

Shutdown Point

The level of operation at which a firm's total revenue is equal to its total variable costs, below which the firm should cease production to minimize losses.

Point

A specific location or position in a spatial setting or within a set of data.

Market Price

The price at which goods or services are currently sold on the open market.