In Expectancy X Value Theory, the Two Sources of Motivation

question 48

Multiple Choice

In expectancy x value theory, the two sources of motivation are

• A) projected future outcomes and the reaction of peers.
• B) social pressures and internal standards.
• C) social pressures and acquired standards.
• D) projected future outcomes and the value of goals.

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Definitions:

Marginal Social Cost

The additional cost imposed on society as a whole by producing one more unit of a good or service.

External Costs

External costs are expenses that are not borne by the individuals or organizations responsible but rather by society as a whole, often involving negative environmental impacts.

Efficient Level

The point at which a system operates at maximum capacity without waste, producing optimal output with the lowest input.

Profit-Maximizing

A strategy or process used by firms to determine the output level and pricing that yields the highest possible profit.