Use the Five-Step Strategy for Solving Word Problems to Find $\$ 70,000$

question 26

Multiple Choice

Use the five-step strategy for solving word problems to find the number or numbers described in the following
exercise.
-You inherit $\$ 70,000$ from a very wealthy grandparent, with the stipulation that for the first year, the money must be invested in two stocks paying $4 \%$ and $10 \%$ annual interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $\$ 4000$ ?

• A) \(\$ 50,000\) invested at \(4 \%\); \(\$ 20,000\) invested at \(10 \%\)
• B) \(\$ 20,000\) invested at \(4 \%\); \(\$ 50,000\) invested at \(10 \%\)
• C) \(\$ 40,000\) invested at \(4 \%\); \(\$ 30,000\) invested at \(10 \%\)
• D) \(\$ 30,000\) invested at \(4 \%\) : \(\$ 40,000\) invested at \(10 \%\)

Understand the basics and applications of operant conditioning in behavior modification.

Grasp the principles of classical conditioning and its role in associative learning.

Explain the concept of reinforcement and how it differs from punishment in learning contexts.

Recognize the importance of biological constraints in learning and behavior acquisition.

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Nonprice Rationing

The allocation of goods or services using criteria other than price, such as waiting lists or lotteries.

Ration Coupons

Tokens or certificates that allow the holder to purchase a certain amount of a specific product, typically used during shortages or in a controlled economy.

Price Floor

A government or regulatory-imposed minimum price that can be charged for goods and services, typically above the equilibrium price, to prevent market prices from falling too low.