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Monica Grows Coconuts and Catches Fish

question 53

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Monica grows coconuts and catches fish.Last year she harvested 1500 coconuts and 600 fish.She values one fish as worth three coconuts.She gave Rachel 300 coconuts and 100 fish for helping her to harvest coconuts and catch fish,all of which were consumed by Rachel.Monica set aside 200 fish to help with next year's harvest.In terms of fish,Monica's income would equal


Definitions:

Extrinsic Rewards

Benefits and incentives provided by external factors, such as money, grades, or praise, which motivate behavior not inherently enjoyable.

Intrinsic Rewards

Internal satisfaction or fulfillment derived from engaging in an activity, without external incentives.

Continuous Reinforcement

A reinforcement schedule in which a particular response is always reinforced.

Conditioned Response

A learned response to a previously neutral stimulus after it has been repeatedly associated with an unconditioned stimulus.

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