Refer to the Following

question 27

Multiple Choice

Refer to the following:

The price of labor is $3 per unit.
-How many units of labor should a firm use in order to produce 100 units of output at the least cost?

• A) 5 units of labor
• B) 10 units of labor
• C) 15 units of labor
• D) 20 units of labor

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Definitions:

Positive Reinforcement

Occurs when desired behavior is followed by a reward, which increases the probability that the behavior will be repeated.

Desired Behavior

The specific actions or reactions individuals wish to promote or see in others, often within an organizational or educational setting.

Reward

Something given in recognition of service, effort, or achievement, providing motivation and appreciation.

Effective Discipline

A method of correcting behavior that is fair, consistent, and conducive to learning, intended to teach and reinforce desirable behavior and values.