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In a machine shop, the marginal physical product of an additional unit of labor is 4 units of output, while the marginal physical product of an additional piece of machinery is 2, under what conditions would the firm increase labor usage?
Reciprocal Determinism
A theory proposed by Albert Bandura that suggests human behavior, personal factors, and the environment continually interact and influence each other.
Extinction
The process through which a conditioned response diminishes over time as it is no longer reinforced.
Classical Conditioning
A learning process that occurs when two stimuli are repeatedly paired together; an unconditioned stimulus (which evokes an unconditioned response) is paired with a conditioned stimulus until the conditioned stimulus alone elicits a conditioned response.
Variable-Ratio
A reinforcement schedule where a response is reinforced after an unpredictable number of responses, making it highly effective in conditioning behavior.
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