Thinking at the Margin Involves

question 312

Multiple Choice

Thinking at the margin involves

• A) influencing how individuals make decisions.
• B) making wiser decisions given limited information.
• C) maximizing a firm's or individual's well-being.
• D) weighing the impact of one additional activity.

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Definitions:

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or shelter, which is inherently rewarding.

Token Economy

A behavioral modification technique based on systematic reinforcement, using tokens as a form of currency that can be exchanged for desired rewards.

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.

Classical Conditioning

A learning process wherein a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.