Use the Following to Answer Questions

question 280

Multiple Choice

Use the following to answer questions:
-(Table: Workers and Corn Output) Look at the table Workers and Corn Output. Laura is a price-taking farmer who produces corn. Assume the wage rate for workers is $130 and the price per bushel of corn is $10. Suppose Laura is employing two workers. If she adds the third worker, her profits will:

• A) increase by $79.
• B) decrease by $51.
• C) decrease by $109.
• D) increase by $80.

Explain the concept of operant conditioning and how behavior is influenced by its consequences.

Describe the social cognitive theory and its elements, including observational learning, self-efficacy, and the impact of vicarious experiences on behavior.

Understand the concept of self-efficacy and its role in influencing behavior and learning.

Distinguish between different behavioral techniques used in organizational settings and their practical implications.

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Definitions:

Hybrid Varieties

Plant varieties developed through the crossbreeding of two genetically different parent plants, aiming to produce offspring with desirable traits from both.

Partnerships

A form of business organization in which two or more individuals share ownership, responsibilities, and the profits or losses of the enterprise.

Corporations

Legal entities that are separate from their owners, providing limited liability protection, and have the ability to raise capital by issuing shares.

19th Century

The period from January 1, 1801, to December 31, 1900, marking the nineteenth century of the Gregorian calendar.