We Are More Likely to Attend to a Model If

question 50

Multiple Choice

We are more likely to attend to a model if:

• A) we are reinforced for paying attention.
• B) the model's behavior is reinforced.
• C) Both a and b are correct.
• D) Neither a nor b is correct.

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Definitions:

Limited Budget

A financial constraint that limits the amount of money available for spending or investing.

Marginal Utilities

refers to the additional satisfaction or utility gained by consuming one more unit of a good or service.

Money Income

Money income includes the total earnings received by an individual or household in the form of wages, salaries, benefits, and returns on investments over a period.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, where individuals substitute away from more expensive goods towards cheaper ones.